<
https://www.abc.net.au/news/2025-01-15/insurance-premiums-rising-uninsurable-homes-climate-change/104814932>
'One in 10 properties in Australia are expected to be uninsurable within the
next decade, according to climate change risk analysis modelling.
The latest calculations from Climate Valuation analysts found about 380,000
properties in Australia were either uninsurable or unaffordable to insure,
equating to about one in every 20 homes.
That figure was expected to increase to one in 10 within the next decade,
according to the firm's latest data.
Climate Valuation chief executive Karl Mallon said the rate at which houses
were deemed uninsurable was increasing.
"All of this, unfortunately, is rolling out like clockwork, just as has been
predicted in the climate models," Dr Mallon said.
"It's sad to say that since the 1980s we've said this is what's going to happen
and it's happening just as predicted, if not a little bit faster and a little
bit worse."'
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
