Some insurance companies are beginning to talk about risk-based pricing, as the possibility of some disaster-prone areas becoming uninsurable grows, according to Commerce and Consumer Affairs Minister Mr Kris Faafoi in an interview with TV New Zealand.
Mr Faafoi said, "If you look at Cyclone Gita and Fehi earlier this year, some of those coastal towns on the West Coast got hit pretty hard.
"People start talking about the long term future of those places and in amongst that it becomes an insurance debate."
This debate is taking place as the government looks at the way insurance is carried out in New Zealand.
Finance Minister Grant Robertson said last week Kiwis are being priced out of the insurance market, in particular in places such as Wellington and places where there could be natural disasters.