5min chapter

Business Daily cover image

Australian floods and the billion-dollar clean-up

Business Daily

CHAPTER

How Disaster Mitigation Can Help Australians Recover From Climate Change

The best way to resolve this issue is through disaster mitigation, so we're able to reduce risk and keep insurance premiums affordable. Many flood victims are now considering leaving low lying areas for good as i found out when i travelled south of the queensland border. It's estimated around 97 % of all the money we spend after a natural disaster goes into the clean up, and only 3% into future mitigation. They're the sort of numbers we need to reverse, because at the end of the day, quite often, a home is a person's single biggest financial asset. To vulnerable like this is simply irresponsible.

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