I had an emergency alert on my phone at 330am this morning.

Cheers guys, I needed to wake up to know we were safe.

Insurance companies may push things along in regard to infrastructure.
Via higher premiums or refusing insurance where they deem its lacking and risk is too high ?

Insurance premium worry: flood may see NZ's biggest insurer blow its budget for 'natural perils'
https://www.stuff.co.nz/business/131098363/insurance-premium-worry-flood-may-see-nzs-biggest-insurer-blow-its-budget-for-natural-perils

""
IAG shares fell by 4% shortly after trading opened on the ASX on Monday in an otherwise relatively flat share market, shaving about A$480m off its market value of just under $12b and giving one possible indication of the likely cost of flood claims.
""

ezbee:

 

Insurance companies may push things along in regard to infrastructure.
Via higher premiums or refusing insurance where they deem its lacking and risk is too high ?

 

Insurance premium worry: flood may see NZ's biggest insurer blow its budget for 'natural perils'
https://www.stuff.co.nz/business/131098363/insurance-premium-worry-flood-may-see-nzs-biggest-insurer-blow-its-budget-for-natural-perils

""
IAG shares fell by 4% shortly after trading opened on the ASX on Monday in an otherwise relatively flat share market, shaving about A$480m off its market value of just under $12b and giving one possible indication of the likely cost of flood claims.
""

 

What do they do? Higher premium as higher risk? (That is a given make no mistake)

Or decline premiums if too high?

They are selling insurance widgets, cost plus margin. If nothing else it propels people from high risk areas. But unlike CHCH Eps which are "probably" sorted for another 16000 years, the weather will become the norm. 

tdgeek:

What do they do? Higher premium as higher risk? (That is a given make no mistake)

 

Or decline premiums if too high?

neb: It'd also be interesting to see whether this actually drives any real change. "Homes in high-risk areas will become uninsurable, people will move elsewhere, the invisible hand of the market will solve the problem". Will it, or is it just more economists fantasy like trickle-down economics?

Unlike other scenarios as per your post, this is purely physical. Its not a prophecy or a conspiracy, its BASIC science and history. I have a work college near a beach, he would be on protest at Parliament to fix his problem. Right now its no problem, but sell up, move inland, dont expect Governments to build you flash houses in the future. Where does the buck stop?

EDIT

This not an anti AKL post, but a warning for all of us near the coast

Oh, this is not good. Arrogance much?

https://www.nzherald.co.nz/nz/auckland-floods-mayor-wayne-brown-tells-councillors-i-will-take-care-of-the-big-picture/5ULYL7MO7ZC37IUEIVZCZBPHYU/

It would seem we haven’t learnt much.

This clipping in today’s NZHerald:

I wonder how many of the worst affected areas in the current event even had houses on them 60 years ago?

Unprecedented……

1935:

Dingbatt:

 

Who remembers Cyclone Bola in 1988? 917mm rain and sustained 160kph winds.

johno1234:

Who remembers Cyclone Bola in 1998? 917mm rain and sustained 160kph winds.

Handle9:

johno1234:

 

Who remembers Cyclone Bola in 1998? 917mm rain and sustained 160kph winds.

 

1988 not 1998

Oh yes, typo corrected.

Handle9: Cool, it’s a Wayne Brown press release.

Facts spoil your narrative?

Nobody even mentioned Brown, but don’t let that stop you….

The picture was in the Sideswipe part of the paper.

johno1234:

1935:

 

 

At least flooding around Queen Street may not have been so unexpected.
This below gets extra points for the use of the word 'pestiferous.' 

Waihorotiu (from the Māori Wai Horotiu), sometimes called the Waihorotiu Stream and the 'Queen Street River',
https://en.wikipedia.org/wiki/Waihorotiu_Stream

""
An open stream in the centre of the road created problems especially in a period before any sewerage system was in operation. 
""
Around the middle of the century the Surveyor General Charles Ligar attempted to regulate the stream by building sound walls to constrict its waters (this was referred to as the Ligar Canal).[7] This proved inadequate (being called "an abomination, a pestiferous ditch, and the receptacle of every imaginable filth")[4] and eventually the stream was bricked over in the form of a sewer 
""