Payouts for increasing damages from floods, wildfires, and winds hurt the insurance companies. They must choose to not insure the risk or recover costs from customers
by Michael Janda, 12/03/2022 in ABC News
Insurers brace for rising flood damage amid climate change, and they warn you should too: As New South Wales and Queensland clean up after what are likely to be the costliest floods in Australian history, insurers have a stark warning — prepare for things to get worse, especially along the east coast.
Featured image: Lismore floods regularly. This picture of the town is from the 2017 inundation.(ABC North Coast: Ruby Cornish) from the article.