Actuaries Institute report says rising insurance premiums will increase further because of natural disasters associated with climate crisisFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFast-rising home insurance premiums have plunged 1.6m households into affordability stress, an Actuaries Institute report has warned, with those in cyclone and flood-prone areas facing significant spikes in cost.The figure is a 30% increase over the past year, and the institute has forecast it will only worsen as the frequency and intensity of natural disasters grows.Sign up for Guardian Australia’s breaking news email Continue reading...
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