It's time to fix 'dumb' mistakes in NZ's infrastructure, says insurance body head
New Zealand has made major historical mistakes in where it has built and needs to stop building in “dumb” places, the outgoing head of the Insurance... Tim Grafton, the outgoing head of the Insurance Council of NZ (ICNZ), has warned that New Zealand's infrastructure is at risk of earthquakes, tsunamis, river flooding and liquefaction. He stated that it is time for New Zealand to stop building in 'dumb' places and instead focus on addressing these issues. Graftons will step down as CEO of the ICNZ in April after a period marked by major earthquakes and increasing pressure from climate change. He emphasised that insurers could no longer be relied on to provide crucial assistance when the worst happens. All subscriptions auto renew but are easy to cancel.
Veröffentlicht : vor 2 Jahren durch Greg Hurrell in
The Wellington suburb of Petone is at risk of earthquakes, tsunamis, river flooding and liquefaction, says Tim Grafton. (Image: Getty)
New Zealand has made major historical mistakes in where it has built and needs to stop building in “dumb” places, the outgoing head of the Insurance Council of NZ says.Tim Grafton is stepping down as chief executive of the Insurance Council of NZ (ICNZ) next April after a frenetic 11-plus years marked by major earthquakes and national infrastructure under increasing pressure from climate change.He said insurers could only take on a certain amount of risk and could no longer be relied on to fix everything when the worst happened.&nbs...
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