What you may not understand is that extreme weather related phenomena is not about three Lismore floods in three years. Weather related extreme events are predicted to occur worldwide. Over the course of recent years, these extreme events now number in the thousands. Insurance companies assess the changed risk conditions by examining a very wide field for extreme events. Their conclusions are measured in the $$$ that many of us pay to insure our assets.
Sure, you can kid yourself that it's due to low interest rates or a price gouging conspiracy but if you believe in the free market as I do then you would realise that an increasing trend in insurance costs is much more likely to be caused by changed risks.
We live in a changed world and we are causing many of those changes.
