Farmers for Climate Action, an organisation representing more than 8000 Australian farmers, says two recent insurance reports have laid bare the rising cost of climate change inaction. Research by the Actuaries Institute released today (Monday August 14) says the median home insurance premiums are up 28 percent in the year to March 31, the biggest increase in 20 years. People in flood prone areas are facing price hikes of up to 50 percent. The actuaries noted that part of the increase was due to higher building supply costs, but it was also "driven by climate change impacts we're already seeing.

https://www.miragenews.com/climate-change-skyrockets-farm-insurance-rates-1064656/

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