Home insurance bills are soaring as climate risks grow. The government should step in
- Written by Paula Jarzabkowski, Professor in Strategic Management, The University of Queensland
The Actuaries Institute of Austalia has just confirmed what many Australian households already know – home insurance is increasingly unaffordable.
It found average premiums climbed 28% in the year to March, while premiums for higher-risk properties, such as those in flood-prone areas, climbed 50%.
The institute also found 12% of Australian...
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