Climate Crisis Will Make Insurance Unaffordable for People Who Need it Most – The Guardian
Credit: James Gourley/AAP.
Article Synopsis – A consumer group in Australia has warned that as the damage from extreme weather events increases, the climate crisis will make insurance unaffordable for many people. “In October, the Reserve Bank of Australia found it was increasingly important that investors and institutions manage carbon risk, and warned insurers were the most directly exposed to climate change. It said inflation-adjusted insurance claims for natural disasters were more than twice as large last decade as the one before, and was likely to continue to grow.” To read the actual article click here.