Our research found that over 800,000 Australian homes are not fully insured, including many with mortgages. Taxing fossil fuel companies and investing in a National Climate Disaster Fund would help keep Australians safe from physical risks and financial ruin. #auspol - ThreadSky

australiainstitute.org.au • 8 days ago

Our research found that over 800,000 Australian homes are not fully insured, including many with mortgages.

Taxing fossil fuel companies and investing in a National Climate Disaster Fund would help keep Australians safe from physical risks and financial ruin. #auspol

Comments

the0point.bsky.social•8 days ago

The wealth stored in housing in Australia will be it's downfall.

Nothing else has value there other than sport.

jatolion.bsky.social•8 days ago

There is nothing wrong with accepting the risk, taking steps to mitigate it yourself and putting money aside to allow for any emergencies. Insurance is a borderline scam anyway.

chrispomfret.bsky.social•7 days ago

Farmers in drought should be included.

anomander.bsky.social•8 days ago

Despite being well aware of the science, our governments have been complicit in the deliberate expansion of fossil fuels; approving massive coal and gas operations,

And they are STILL doing it!

We will all now bear the cost of this inaction.

Time to hold these climate criminals accountable.

helenlauramont.bsky.social•7 days ago

People cannot afford insurance my daughters house just flooded for second time in 4 years if she’d paid insurance would have been $28000 a year so in 4 years $112000. If she could have afforded that she would have bought a better house on higher ground

pitmi-schmi.bsky.social•8 days ago

TBF - Massive global insurance companies are rorting customers by making *every* effort possible to avoid paying for damage. They’re making “the fine print” so unwieldy to navigate per “conditions” that customers are blindsided on discovery & without recourse - because “Fine print”.

janagain.bsky.social•8 days ago

Or scaling down these companies to replace with renewables asap - could try to slow down this weather chaos

vicozandy.bsky.social•8 days ago

Alas, we will pay for the last few decades of increased emissions over the next few decades.
Even if we were to go real zero overnight, we'd still have to cope with the momentum locked in.
This means new energy, food and housing systems, sooner the better.
And also, insurance is bad economics.

aitch-el.bsky.social•7 days ago

I have been saying for over a decade: insurance for profit is COMPLETELY unsuited to a climate-changed world.
Worse - it is dysfuntional because there is no alternative option.
We are living in a zombie economy/society.

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