Insurance companies should be forced to disclose calculations, inquiry says as Australians face rising premiums

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.

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