Dr Eric Crampton: Let the Natural Hazards Commission charge risktakers higher premiums

Treasury is consulting on changes to the Natural Hazards Insurance Levy – formerly known as the EQC levy.

The Herald’s Jenée Tibshraeny reports that Treasury is considering increasing the Natural Hazards Commission’s cap from $345,000 to $460,000 while increasing the levy by up to $400 per year to make up the difference.

I hope another change could be in the mix.

Point of Order: Buzz from the Beehive - 4/11/24

A tariffying prospect for Kiwi exporters: Trump plans to tax imports – but a Harris presidency would be not much better

Trade and Agriculture Minister Todd McClay today announced he will lead a large trade delegation to the 7th annual China International Import Expo (CIIE) in Shanghai next week, followed by a visit to Guangzhou. Maybe he should be preparing instead to head for the United States to do his best to counter American threats to this country’s trading interests.

The prospect of a second Trump presidency bodes ill for this country’s exports to the US – but, more ominously, his plans to slap stiff taxes on imports to protect American producers portend the sparking of trade wars around the globe.