Can we rely on insurance to help rebuild after extreme weather?

Published: March 20, 2022, 11:30 p.m.

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Scientists say extreme weather is intensifying and becoming more frequent because of climate change and the impacts are causing huge losses.

People living in Brisbane and other parts of eastern Australia dealt with those impacts recently, when heavy rain fell for days - destroying thousands of homes and at least 22 people are known to have died.

Authorities declared it a once in a-100-year-event, making it the second disaster of its kind in the same area in just 11 years. While insurers face losses trying to cover it all, reinsurers say climate change is now a number one risk.

We talk to residents in Brisbane as they clean up after the floods and ask if insurance can be the world\\u2019s safety net as the impacts of climate change intensify?

Presenters Jordan Dunbar and Kate Lamble are joined by:

Ernst Rauch, chief geo and climate scientist, Munich Re\\nRobin McConchie, reporter based in Brisbane. \\nEkerete Olawoye Gam-Ikon, insurance strategy consultant \\nMaryam Golnaraghi, director, climate change and environment, the Geneva Association

Producer: Darin Graham\\nReporter: Robin McConchie\\nResearchers: Lizzie Frisby, Frances Read, Natasha Fernandes, Perisha Kudhail\\nSeries producer: Alex Lewis\\nEditor: Nicola Addyman\\nSound engineer: Tom Brignell

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