floods and extreme wind – by suburb, LGA or electorate – based on low, medium and high emissions scenarios and across decades .
For example, a property that would cost $300,000 to replace is forecast to experience annual average damage costs of $3000 or more. At such high levels, insurance companies will either withdraw products or will only offer them at premiums which are out of reach for most, if not all, households. We have already seen this play out in cyclone-exposed regions of northern Australia.
Our economy can’t afford any more head-in-the-ground climate rhetoric. Half a million displaced Australian families cannot become 2030’s headline. This really brings home just how important it is for Australia and the rest of the world to urgently reduce emissions this decade. The next federal government has a massive task ahead. They will play a critical role in determining the insurability and future prosperity of entire communities and regions across the country.
Sunny up on the Murray today, beautiful day.....Climate change hasn't reached us yet.
Without any meaningful government policy toward climate change mitigation this will not end.
Awgh come one we got $250 from the Liberal government to help.
So insurance companies will be out of business, no premiums no business. 🤔
Stop the unsubstantiated claims and predictions!! Graduates at work, again!!
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