Business
Wave of disasters sparks fears parts of Australia are becoming uninsurable – The Sydney Morning Herald
Tenterfield residents have been hit by fires and floods and now say they can’t afford insurance. Will this be the new norm as weather events become more frequent…
Following last years horror summer bushfires, former QBE chief Pat Regan warned climate change posed a material threat to the industry and warned premiums were at risk of becoming too high in areas exposed to repeated, extreme weather.
Tenterfield mayor Peter Petty says constituents throughout the disaster-prone town have all experienced premium hikes and hes been told certain postcodes are blacklisted by insurers.
Ive had that conversation many, many times with residents, he says. They look at…
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