PHOTO: MAARTEN HOLL/STUFF Customers who live in areas that are more prone to natural disasters and severe weather events might have to pay more for insurance.
Wellington mayor Justin Lester wants to hold a forum to discuss the country’s largest insurer IAG’s announcement to hike up insurance premiums.
IAG, which owns the State, AMI and NZI insurance brands, has announced it was making changes to its home and contents insurance that will mean people in disaster-prone areas pay more.
From July 1, IAG premiums will take greater account of natural and severe weather-related risks for specific homes.
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