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Parts of Australia could be ‘uninsurable’ as risk of extreme weather intensifies | The Business
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Australia’s destructive summer of bushfires, hail, floods and cyclones has put the spotlight on insurance, with some homeowners reporting premium increases of almost 50%.
Six natural catastrophes have been declared over the past five months, with insurance claims expected to total more than $2.5 billion
With the risk of extreme weather expected to only intensify, industry experts say parts of the country could become uninsurable.
Six natural catastrophes have been declared over the past five months, with insurance claims expected to total more than $2.5 billion
With the risk of extreme weather expected to only intensify, industry experts say parts of the country could become uninsurable.