Jenee Tibshraeny: NZ Herald Wellington business editor on the Government delaying insurance levy hike

The Government is delaying hiking the levy most home owners pay via their private insurers to fund the Natural Hazards Commission until 2027.

The $552 levy was supposed to go up by between $207 and $311, but reports claim ministers are still considering their options, with Finance Minister Nicola Willis saying she didn't want to make a 'hurried decision'.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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