Home owners are being left to cover ‘catastrophic’ financial risks as the climate crisis and a legacy of poor planning coalesce, expert says
Two Queensland mayors of flood-ravaged towns on the Mary River have backed calls for the federal government to help underwrite insurance companies against future inundations.
The calls come as homeowners and small businesses brace for a potential rise in insurance premiums that could hit even those in neighbourhoods that did not flood, and push insurance out of reach for more people in those that did.
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