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RowanH | 6 months ago

Chunks of NZ are becoming very expensive to uninsurable, and extreme impact weather events are getting more frequent.

It would be fair say a good portion of the population don't understand the maths of a weather event just how astronomically expensive a sudden flood is.

In our small town in the last 5 years, we've had 2-3 different "1 in 100 year" floods within 30km of each other (highly localised dramatic flooding and slips). To the point "1 in 100 year" is now a standing joke.

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ViscountPenguin|6 months ago

When did the council last revise your flood models? Up here in Queensland, it caused a real stir when the council released updated flood models and lots of "1/1000" year flood houses turned into "1/10"

RowanH|6 months ago

I don't know. Certainly the frequency and severity is just eye opening. We had 2 1 in 50's with 1 in 100 in 3 weeks (!!!).

I know you guys have also had it bad over there.

I expect the insurance companies will start removing flood cover soon. Which then becomes a bit of a shit show with mortgages. Or will raise the premiums so high that they're effectively uninsurable.

_carbyau_|6 months ago

Brisbane had cyclone Alfred that caused a major panic with ~100km-ish winds.

A friend went to visit NZ and 100km/hr winds was just another day...