1.6 million Australian households face rising home insurance costs due to climate risks.
1.6 million Australian households face challenges in affording home insurance due to rising climate risks, leading to increasing premiums. The Actuaries Institute report reveals that 15% of Australian households struggle to pay for insurance, with some premiums costing more than four weeks' income. Climate change-related disasters pose a risk to billions of dollars in mortgage loans.
August 25, 2024
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