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Wellington mayor calls for forum on insurance premiums

Wellington’s mayor is calling for a forum to discuss rising insurance premiums.

Photo: RNZ / Richard Tindiller

Justin Lester said he will invite the Earthquake Commission Minister, insurance companies and other stakeholders to talk about rising insurance premiums.

Yesterday, IAG announced it will start charging higher home and contents premiums for customers who live in areas at risk of natural disasters and severe weather.

Earlier this year, the company announced it would no longer take on new business in Wellington.

Mr Lester said he wants to talk about problems in the Wellington market.

He said the Government may need to consider what insurance companies are required to offer, and how affordable it should be.

RNZ