Will climate change wipe out your insurance?

Since the devastation of Cyclone Gabrielle, insurers have begun rapidly repricing the land beneath homes for flood risk, which is creating a Wild West for home owners impatient to find out if their lands are going to continue to be insurable. Bernard Hickey talks to insurance and banking academic Dr. Michael Naylor from Massey University to explore what home owners can do to protect their housing insurance in a warming climate. Learn more about your ad choices. Visit megaphone.fm/adchoices