Reported at thepolitics.com.au: Cyclone Alfred, recently declared an “insurance catastrophe,” has intensified awareness of the financial burden stemming from climate change in Australia, especially regarding rising insurance premiums that exacerbate cost-of-living pressures.

This cyclone disrupted political timelines, postponed the upcoming federal election, and shifted focus back to climate issues as they relate to economic consequences.

Meanwhile, nearly one in five Australian households remain uninsured or underinsured, highlighting the growing vulnerability of citizens as insurance companies grapple with climate-related risks.