It can't all be insured: counting the hidden economic impact of floods and bushfires

Written by The Conversation

Bushfires have quite different economic impacts to floods.

The Australian government’s latest budget has committed A$210 million for a new climate information service, $600 million for a new agency to promote natural disaster recovery and resilience, and $10 billion for a reinsurance fund to reduce insurance premiums in northern Australia.

That money split is symptomatic of a general focus on the...

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