In Australia, 1 in 25 properties will be effectively uninsurable by 2030, according to a recent report due to rising risks of extreme weather events. In the face of worsening wildfires, droughts, floods and cyclones, insurance companies are either pulling out of the highest risk areas or making premiums so high as to be unaffordable. The World’s Sarah Birnbaum reports from Sydney.
Our coverage reaches millions each week, but only a small fraction of listeners contribute to sustain our program. We still need 224 more people to donate $100 or $10/monthly to unlock our $67,000 match. Will you help us get there today?