Why are insurance premiums soaring - and can we avoid NZ becoming 'uninsurable'?

Insurance is becoming an increasingly costly purchase for many households. Whether you are looking to insure your house, contents, car – or even your pets – premiums are skyrocketing faster than incomes. It comes at a time when the threats of the climate crisis and natural disasters are leading some people to give up on paying for insurance all together. Former Cabinet Minister Kris Faafoi is the new chief executive of the Insurance Council, and joins The Front Page to discuss how to navigate these soaring costs. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Guest host: Georgina CampbellSound Engineer: Paddy FoxProducer: Ethan SillsSee omnystudio.com/listener for privacy information.