A new type of insurance pays out as soon as extreme weather hits – and we could try it in Australia
- Written by Caroline Schuster, Senior Lecturer, School of Archaeology and Anthropology; Director, Australian National Centre for Latin American Studies, Australian National University
The floods that devastated parts of southeast Australia last month revealed, yet again, this nation’s growing insurance problem. Assessment of the damage was agonisingly slow, and rising premiums meant many victims were completely uninsured.
The disaster was part of a global trend towards localised, sudden and intense weather known in the...





