At $4.5bn each year, extreme weather is costing Australia three times as much compared with 1990s, insurers say
by Luca Ittimani from on (#70J1P)
The trajectory is only up, in terms of insured costs,' professor of climate risk warns
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The costs of extreme weather events such as floods, bushfires and storms have nearly tripled in Australia since the 1990s, insurers have warned, with poorer communities disproportionately burdened.
The climate crisis, ageing infrastructure and growing populations in increasingly affected regions have left the country more vulnerable, according to a report released on Tuesday by the Insurance Council of Australia.
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