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Fears insurance industry 'not prepared' for climate change disasters | ABC News

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Sarah and Bec's house was damaged in the 2022 Victorian floods. The couple want to rebuild to make it more flood resistant, but their insurance company only wants to pay for a repair which would be undone the next time the area floods. Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2023-08-08/home-insurance-not-prepared-for-climate-change-disasters-choice/102698996

Now consumer group Choice has released a report finding Australia's insurance industry is "not prepared" for the worsening effects of climate change, with many home owners paying higher premiums even after investing in things that make their homes more disaster proof.

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News and politics
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