Climate News: Climate-driven insurance costs could generate economic chaos around the world
My central Shepparton home in northern Victoria, Australia, was not impacted by the 2022 floods that inundated much of the city.
Shepparton is central to the Goulburn Valley and is part of the Nicholls Federal Electorate, which is one of the highest-risk areas in Australia. The Goulburn Valley is on a riverine floodplain.
Insurance was the topic of a recent webinar organized by the organization, "Covering Climate Now".
Climate change is evolving to become a worldwide catastrophe for the insurance industry as discussed in the story from the Australian Broadcasting Corporation: "Insurance cost of Los Angeles wildfires may be felt in Australia";
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