Opinion

Who will bear the financial risk of climate-related disasters?

By Rosemary Lyster, Terry Carney
Updated February 21 2020 - 9:34pm, first published February 12 2020 - 1:00pm

Since well before the Black Saturday fires in 2009 and the disastrous Queensland floods in 2010-11, it has been clear that we need to nail down who bears the financial risk of climate-related disasters. Should it be government, the public, or the insurance industry?

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