Jenee Tibshraeny: NZ Herald Wellington business editor on homeowners needing to pay extra to fund the Natural Hazards Commission - Heather du Plessis-Allan Drive

Homeowners need to brace for another cost increase, this time to help fund the state disaster insurer, the Natural Hazards Commission.

The minister responsible for the commission, David Seymour, says levies will 'almost certainly' need to rise, with Cabinet set to decide the changes in the coming months.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

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