Wave of disasters sparks fears parts of Australia are becoming uninsurable

Hurricane Delta damage cost the U.S. $2.9 billion, Hurricane Center report says

La Nina has ended, Australian weather bureau says

A La Nina weather event has subsided, Australia’s weather bureau said on Tuesday, ending a six-month spell of greater rainfall and cooler than average temperatures across the country’s east coast.

An end to the La Nina is expected to see average conditions across Australia for at least the next three months, Australia’s Bureau of Meteorology said.

Australian farmers are expected to reap the benefits of recent heavy rain as soil moisture boosts crops.

While the event is blamed for the recent devastating floods across Australia’s east coast earlier this month, the wetter weather also drove record wheat production during the 2020/21 season.

Despite a return to average weather conditions, Australian farmers are expected to reap the benefits of recent heavy rain as soil moisture boosts crops that will be planted next month…

Wave of disasters sparks fears parts of Australia are becoming uninsurable

Tenterfield farmer Bronwyn Petrie says her insurance premiums have increased by around 20 per cent since last year and now she no longer insures parts of her farm because it’s too expensive.

 “it’s not a lost cause and has called for greater collaboration between the private and public worlds to better mitigate against disaster risk”

Mark Leplastrier, IAG’s executive manager for natural perils

Petrie’s family have owned a cattle and timber property for six generations near the north-east regional New South Wales town that has been hit with devastating fires, the pandemic and now, floods – all in the past 15 months.

The 60-year-old says poor regional fire management combined with the drought saw parts of the town burn that had never seen flames before. She lost farm infrastructure and fencing and now pays around $1800 per month for insurance, up from $1500 the previous year…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s