Kris Faafoi: Insurance Council CEO on the call to replace the Fire and Emergency Levy with a Community Protection Levy

Insurers have found an answer for councils looking for more climate resilience funding.  The Insurance Council is proposing replacing the insurance-linked Fire and Emergency levy with a new Community Protection Levy.  It would see firefighters Crown-funded and allow up to $700 million a year to be redirected into climate resilience and risk reduction projects.  Chief Executive Kris Faafoi told Heather du Plessis-Allan there are councils around the country worried about the risks their communities face and have plenty of projects lined up, but no real pathway to funding.   He says this is their submission to central government to make sure they can get on top of the problem to reduce risk and make insurance accessible in the long run.  LISTEN ABOVE See omnystudio.com/listener for privacy information.