Premiums 'quadruple', timber plantations unprotected as insurers flee bushfire-stricken forests

Mr Geddes said claims which followed the Black Summer bushfires in 2019-20 were among the largest insurers had ever seen, coinciding with blazes in North America and Europe."This summer has been particularly difficult but we expect there will be a scheme available for next summer," Mr Geddes said.PSC Insurance Group and the Insurance Council of Australia declined to be interviewed for this story.

"We're much better to source our timber from plantations, and we're much more likely to get a crop from plantations in a climate of increasing fire, than we are from native forests," Professor Lindenmayer said. Insurance is only the latest obstacle faced by Australia's timber industry which is still reeling from the Black Summer bushfires.

Well,well,well,no plantation timber for houses ! We can’t use steel,brick,concrete , because we will damage the climate,looks like its back to the cave, what will become of us ?

China and India really have to be held responsible for the greater impacts of climate change

If I had any I would certainly be divesting myself of any holdings in Insurance companies - these LNP governments seem intent to ruin them

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