Australian towns that are becoming uninsurable amid fears a warmer and drier summer will lead to bushfires
1 year, 2 months ago

Australian towns that are becoming uninsurable amid fears a warmer and drier summer will lead to bushfires

Daily Mail  

Towns on Australia's east coast are now regarded as most at risk of being uninsurable by 2030 because of bushfires - with a particularly hot spring and summer expected. Towns on Australia's east coast are now regarded as most at risk of being uninsurable by 2030 because of bushfires with a particularly hot spring and summer expected This would be occurring after more than three years of La Nina brought heavy rains, leading to more vegetation that would fuel bushfire loads. Economist Nicki Hutley, a co-author of that Climate Council report, said people living in near bushland faced paying higher insurance premiums, particularly in less built-up, regional areas as El Nino brought drought in coming years. The Australasian Fire Authorities Council has released a map showing large areas of the country under increased bushfire risk, stretching from Innisfail in far north Queensland down to Orange in the NSW central west. The Insurance Council of Australia's new Insurance Catastrophe Resilience Report, 2022–23 found a 12 per cent annual increase in building costs meant insurers were offering fewer policy options.

History of this topic

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1 week, 1 day ago
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1 year ago
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1 year, 2 months ago
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1 year, 3 months ago
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2 years, 4 months ago
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4 years, 1 month ago
Australia wildfires probe recommends climate risk forecasts
4 years, 1 month ago

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