Risk of buying a home that might flood looms large – businesses are responding…

Risk of buying a home that might flood looms large – businesses are responding | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Flood risk looms for homeowners","summary":"The risk of buying a home that might flood is becoming a larger concern. Businesses are responding to this growing issue."},{"timeSeconds":14,"label":"2Degrees offers granular risk pricing","summary":"2Degrees has partnered with a data provider to offer granular pricing on home insurance. This aims to reflect the specific risks associated with a property."},{"timeSeconds":23,"label":"Councils map flood risk areas","summary":"Councils are providing free mapping websites that show properties at risk from flooding, erosion, or coastal inundation."},{"timeSeconds":32,"label":"New notice flags at-risk properties","summary":"A new notice, Section 72, flags properties that are at risk from flooding, erosion, or coastal inundation. This allows councils to limit or decline claims."},{"timeSeconds":50,"label":"Insurers advocate for central register","summary":"Insurers are advocating for a central register of at-risk properties. This would allow them to better assess and manage risks."},{"timeSeconds":100,"label":"AI for better data analysis","summary":"The use of AI is suggested to help process and analyze data more efficiently. This could lead to better risk assessment for property purchases."},{"timeSeconds":111,"label":"Advice for brokers and insurers","summary":"The presenter advises brokers, bankers, and insurers to proactively address the risks associated with flood-prone properties."},{"timeSeconds":117,"label":"Program wrap-up and thanks","summary":"The segment concludes with thanks to the program's partners, 2Degrees and Dilmah. The show will return tomorrow."}]} <!--/mynz:youtube-chapters-->