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Extreme weather now costs Australians $4.5b a year. Better insurance options and loans would help us adapt

  • Written by Johanna Nalau, Associate Professor in Climate Adaptation, Griffith University

Today’s release of the Insurance Council of Australia’s report puts Australia on the spot: we rank second in the world in extreme weather-related losses. As the Insurance Council puts it, this is not the silver medal we want to win.

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