Flooding in the northern rivers region in 2022. People ‘should not have to pay for absurdly high insurance premiums for a climate crisis they didn’t cause’, said committee chair Mehreen Faruqi.Flooding in the northern rivers region in 2022. People ‘should not have to pay for absurdly high insurance premiums for a climate crisis they didn’t cause’, said committee chair Mehreen Faruqi.
Another policyholder from the northern rivers area was quoted a prohibitive $30,000 for flood insurance. “It is clear from this inquiry that insurance has become the latest major stressor for communities as they face the brunt of climate-driven disasters,” Faruqi said.