The runaway insurance effect

Extract from ABC News

By Inga Ting, Ri Liu, Nathanael Scott and Alex Palmer

Digital Story Innovation Team

Updated 13 Mar 2019, 14:14pm

Published 13 Mar 2019, 5:05am

For most of us, the problem is in someone else’s backyard, in some other neighbourhood.

But for an increasing number of Australians, it’s right on their doorsteps. Many just don’t know it … yet.
Roughly 850,000 homes — nearly one in 10 — could be “uninsurable” within a few generations unless there are fundamental changes to where and how properties are built, a leading climate analyst says.
The warning comes as separate data, published by the Actuaries Institute, reveals the frequency of extreme weather in the country’s worst-affected regions has doubled compared to the long-term average.

https://www.abc.net.au/news/2019-03-13/climate-data-reveals-australias-worst-affected-regions/10892710