this post was submitted on 14 Jan 2025
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One in 10 homes could become uninsurable by 2035, analyst warns (www.abc.net.au)
submitted 1 month ago by [email protected] to c/[email protected]
11 comments fedilink hide all child comments
 

One in 10 properties in Australia are expected to be uninsurable within the next decade, according to climate change risk analysis modelling.

The latest calculations from Climate Valuation analysts found about 380,000 properties in Australia were either uninsurable or unaffordable to insure, equating to about one in every 20 homes.

That figure was expected to increase to one in 10 within the next decade, according to the firm's latest data.

Having done everything we can to make climate change worse, the dildo of consequence has arrived.

top 11 comments
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[–] [email protected] 6 points 1 month ago

"wont somebody PLEASE think of our capitalist system?!"

[–] [email protected] 4 points 1 month ago (2 children)

If only there was a government Insurance option? We could call it the "Government Insurance Office" or perhaps even "State Government Insurance Office".

[–] [email protected] 3 points 1 month ago

It's sad that some people would think that's a great idea because then you could sell it off and make bank...

[–] [email protected] 1 points 1 month ago (1 children)

The earliest insurance was indeed communist. People recognised that it sucks for everyone so they paid into communal schemes.

Private insurance is a rort, as the moment it's not mathematically disadvantageous to buy they pull out of the market.

It is exactly the sort of thing that should be nationalised.

[–] [email protected] 1 points 1 month ago (1 children)

I was being cheeky. GIO and SGIO were initially government insurance services that were privatised in the 90's.

[–] [email protected] 1 points 1 month ago

Ah, you never know online

[–] [email protected] 3 points 1 month ago

The dildo of consequence 🤣

[–] [email protected] 3 points 1 month ago (1 children)

And that's one of the reasons why I'll never leave the Great Lakes region.

[–] [email protected] 1 points 1 month ago (1 children)

You mean on the lower north coast of NSW? https://en.m.wikipedia.org/wiki/Great_Lakes_Council

[–] [email protected] 1 points 1 month ago

Etterra means HOMES

and not a bad decision, there will always be fresh water

but the area might get a little crowded with internal refugees

[–] [email protected] 2 points 1 month ago

And here was I worried about how things might look in 2050-2100 with projected sea level rises and god knows what happens to Greenland or Antarctic ice sheets.

It's already here.