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Kate Booth, Associate Professor of Human Geography, University of Tasmania

NSW is again cleaning up after major floods. Are we veering towards the collapse of insurability?

Once again, large parts of New South Wales have been devastated by floods. It’s estimated 10,000 homes and businesses may have been damaged or destroyed and the Insurance Council of Australia reports more than 6,000 insurance claims have been received for the Mid North Coast and Hunter region.

Hundreds of families are displaced. With many homes now uninhabitable, they face a uncertain future.

As the mop-up begins, stories are emerging of households and businesses not covered by insurance, with some residents saying insurance companies were asking up to A$30,000 annually for cover.

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