# Tower CEO on rising insurance costs and climate risks

An episode of [Morning Report](https://invisiblenetwork.ai/podcast/208011837), 28 Oct 2026, 8:41.

Audio: https://flex.acast.com/podcast.radionz.co.nz/mnr/mnr-20261029-0807-home_insurance_costs_soar_almost_60_percent_in_five_years-128.mp3

The amount we're spending on insurance has climbed by about a third over the past five years. Stats New Zealand figures also show home insurance has gone up almost 60 percent in that time period. Tower Insurance CEO, Paul Johnston spoke to Ingrid Hipkiss as part of our weekly CEO interview series.

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