We gratefully acknowledge funding from New Zealand (NZ) Ministry of Business, Innovation and Employment through the Deep South National Science Challenge's (Deep South) Impacts and Implications Programme and the Resilience National Science Challenge. We also thank the NZ Earthquake Commission (EQC) for their claims data and the Deep South NSC for facilitating access to NIWA's historic and projected precipitation data. Thanks to Geoffrey Spurr, Isabelle Sin and to audiences from our presentations at the NZ Treasury seminar series, the Deep South seminar series, and the NZ Association of Economists annual conference, for all comments and suggestions. Disclaimer All opinions are those of the authors. We are also responsible for all errors and omissions.
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