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ABC News
ABC News
Business

How climate change is pushing insurance stress to new extremes

It was 2:30am when the floodwaters seeped through the back door and into John and Dorothy McFadden's North Lismore home. Dorothy, who can't swim, saw the water first.

"She said, 'Look, John, the water's coming in the back door' … Within an hour, it was up around our waists, it just come that quick," John says.

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