Parts of Australia could be ‘uninsurable’ by 2030

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.