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Disaster insurance is likely to become less accessible in the future. One economist says the solution could be government intervention.
Residents rebuilding their flood-ravaged northern Victorian homes will be able to put government-funded caravans or modular houses on their properties until they get the job done.
Tens of thousands of insurance claims have already been lodged, with more to come, leaving insurers bracing for one of the biggest flood claim events in Australian history.
Tens of thousands of insurance claims have already been lodged, with more to come, leaving insurers bracing for one of the biggest flood claim events in Australian history.
Tens of thousands of insurance claims have already been lodged, with more to come, leaving insurers bracing for one of the biggest flood claim events in Australian history.