The Impact of Climate Change on Property Value

A Parpens in Wellington has had massive increases in premiums. The trouble is that if you turn down the increase of the price from your current insurer, the risk won't touch you. So you have to go to a special insurer in London. We're facing a future where the property will have a huge increase in premium or become incurable yet you still have a mortgage. And how does climate change play into what the insurers are doing and the relationship between the insurer and the banks?