The insurance crisis deepens with every extreme weather event. Does Australia have a plan or will we let the private sector decide where people can live and whose property has any value? #auspol
Reposted from
David Roberts
Today on Volts: the insurance industry is the canary in the climate change coal mine. Now prices are rising, insurers are pulling out of whole states, & state budgets are straining to make up the difference. I talk with @kategordon.bsky.social about the whole mess.
www.volts.wtf/p/climate-ch...
www.volts.wtf/p/climate-ch...
Comments
It makes sense for housing to be in places which aren't high flood risk.
Councils and property developers have shown over and over to have little regard for the people buying into flood prone areas.
That’s a huge increase.
#ClimateChange
#CostOfLivingCrisis