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The Latest Breaking News from Sharanjit Paddam

Insurance hikes are leaving struggle street unprotected

Natural disasters exacerbated by climate change are resulting in higher home insurance costs with about 1.6 million households now under home insurance stress.

AAP · Aug 25, 2024

Fears many Australians will abandon home insurance as premiums jump 50% in high-risk areas

Median premiums across all areas rose 28% in the year to March and actuaries warn climate disasters are driving them to unaffordable heights

The Guardian - AU · Aug 13, 2023

Building insurance premiums leave no cover for struggling home owners as cyclone season threatens

Despite the risk, building insurance is a luxury this 49-year-old Rockhampton woman and her 82-year-old pensioner mum cannot afford.

ABC News · Nov 2, 2022

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Insurance gap widens for most vulnerable

One in 10 households pay an average of 7.4 weeks of their annual income on home insurance premiums due to extreme weather, a new report shows.

AAP · Aug 18, 2022

How climate change is pushing insurance stress to new extremes

One million households in Australia already face "extreme" levels of insurance stress, new research warns. Exclusive new data reveals how every council area ranks.

ABC News · Aug 16, 2022

Flood and cyclone-prone areas in eastern Australia may be ‘uninsurable’ by 2030

Report mapped 10 electorates considered most at risk of becoming uninsurable due to flood, fire and other extreme weather risk

The Guardian - AU · May 2, 2022

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