Business News

Extreme weather now costs Australians $4.5b a year. Better insurance options and loans would help us adapt

Written by Johanna Nalau, Associate Professor in Climate Adaptation, Griffith University

Today’s release of the Insurance Council of Australia’s report puts Australia on the spot: we rank second in the world in extreme weather-related losses. As the Insurance Council puts it, this is not the silver medal we want to win.

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