Report mapped 10 electorates considered most at risk of becoming uninsurable due to flood, fire and other extreme weather risk
The report includes a tool that shows how the risk of different catastrophes, and uninsurability, grows under different scenarios over timeframes out to 2100. People can enter their address to see how their property is expected to be affected.
“The underlying technology is indeed intended to give people an understanding whether a property has insurance challenges in the way an insurance industry does not,” he said. Not everyone working in the field is convinced a totally accurate house-by-house analysis is possible.Sharanjit Paddam, an expert in climate and environmental risk at Finity Consulting, said the report was “really important” at a broad level, particularly if it started to “make people think about whether climate change is going to affect their property, and their insurance costs”.
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