ABC 730 report: Experts say updated flood zone modelling could leave some homes ‘uninsurable'

Offloading climate risk can have unintended consequences for smaller banks and communities but effective regulation can avert those problems, says Philip Tapsall of XDI.

With climate change posed to wreak greater havoc in the decades to come, Australians are being urged to think before they buy (or rent). But how can prospective homebuyers and renters access information about flood, fire and erosion risks for prospective properties?

"Nine hundred property owners in one inner-city suburb have just been told they live in a flood zone, news that is expected to have big implications for property prices and insurance premiums."

"Extreme weather triggered is setting off alarm bells in China’s insurance sector, the world’s second largest, which urgently needs more financial tools to mitigate risks from the economic damage wreaked by the growing incidents of droughts, floods and landslides across the country."