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