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The Insurance Council says although one insurer has stopped offering home policies in some South Island towns, it's not an industry-wide issue.
RNZ has revealed that the company had halted new home, business and landlord insurance policies in the West Coast town of Westport, due to the high flood risk the town faces.
The insurer had also stopped offering new policies in the north Canterbury township of Woodend, along with Rolleston and Lincoln, RNZ reported.
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