ABC News (Australia) published this video item, entitled “Flood insurance costs set to run into billions of dollars | The Business | ABC News” – below is their description.
More than 60,000 claims have been submitted to insurers since the east coast floods hit Queensland and New South Wales. Premiums are set to rise, as the industry calls for federal and state governments to spend $2 billion on mitigating the risks of extreme weather events. Otherwise many properties will become uninsurable.
ABC News (Australia) YouTube Channel
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