Insurance crisis deepens for homes, business and local councils in flood prone areas of northern NSW

In northern New South Wales, residents and business owners are trying to plan for a future where their properties are uninsurable. (ABC North Coast: Leah White)

Almost a year after the country's most costly natural disaster, the hardest-hit areas in northern New South Wales are grappling with a future where many homes, businesses and even local councils are uninsurable.

The weather event, which caused record-breaking flooding, has been ranked the fourth most costly natural disaster in the world for 2022 – and the second most costly for insurers.