Business
Climate change could put insurance out of reach for many Australians – The Guardian
The financial industry regulator says insurers may be able to pay future claims, but fewer people will be able to secure coverage
Millions of Australians could be left uninsured as the effects of climate change put increasing pressure on the financial system, the industrys regulatory body has warned.
The Australian Prudential Regulatory Authority (Apra) executive director Dr Sean Carmody told a Senate hearing on Tuesday the nations insurers and banks were taking steps to prepare for worsening bushfire seasons and more extreme weather events.
However, he said the resultant rising insurance premiums may put coverage out of reach…
-
Noosa News21 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News16 hours agoHelp to make recycling stick
-
Noosa News14 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
General21 hours agoAmidst grief and sadness, Cameron Munster plays another iconic State of Origin performance after his father’s death