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Australian insurers seek $30 billion fund to combat rising flood risks due to climate change.
Australian insurers are pushing for a $30 billion national flood defence fund over ten years to protect homes and businesses from flooding, which is becoming more frequent due to climate change.
The Insurance Council of Australia (ICA) proposes this fund to reduce insurance costs and make insurance more accessible in flood-prone areas.
The ICA also wants to strengthen the Disaster Ready Fund, improve flood mapping, and address skills shortages.
The fund would be shared between the federal government and state governments of New South Wales, Queensland, and Victoria.
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Las aseguradoras australianas buscan fondos por $30 mil millones para combatir el aumento de los riesgos de inundaciones debido al cambio climático.