Business
Insurance too dear for Aussie farmers as climate change drives up premiums – ABC News
Australian farmers are facing increasingly frequent droughts, floods, hailstorms and bushfires. For many, cancelling policies or underinsuring are the only options.
Australian farmers are facing increasingly frequent droughts, floods, hailstorms and bushfires, resulting in insurance premiums rising to the point where cancelling or underinsuring are the only options.
Key points:
- A NSW farmer says the fossil fuel industry is effectively killing the agriculture sector
- Insurance premiums are being driven to unaffordable levels by the impacts of climate change
- The Insurance Council of Australia says 80 per cent of Australian homes are u…
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