Andrew Bolt and Sky News say it’s bullshit but his insurance premiums will boom
Key facts:
- 40 per cent of all properties in NSW are now at moderate to high risk of flooding.
- The risk of catastrophic loss, both financially and physically, will drive up insurance premiums.
- NSW’s so-called Black Summer bushfires of 2029-20 cost $4.9 billion.
- Insurers have paid our $13 billion in climate-related claims in NSW.
- The combined value of coastal properties exposed to coastal erosion damage is $25 billion.
- Some suburbs and land lots will see reductions in risk from the elements due to favourable weather forecasts.
- Some regions will see no change at all. But for many, the situation will worsen during the next 30 years.
Source: Revealed: Properties in nature’s firing line – » The Australian Independent Media Network
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