biodiversity

EQUITABLE SOLUTIONS TO RISING INSURANCE COSTS DUE TO CLIMATE CHANGE IMPACTS.

We ask the Albanese government, to make insurance costs more equable for all policies that could be affected by the impacts of climate change, whether in an impact zone or not.

And to initiate policies that that reduces private insurance costs by implementing a levy on insurance policies to pay for Climate Change impacts on property, to contribute to a government scheme to share the costs of insurance,  to make insurance policies likely to cover the impacts of climate change, for housing, flooding, wind and fire etc. and any impacts of Climate change on insurance policies, by subsidising a Federal Government fund from levy revenues, (this is not to make a new tax, but to even out the costs to Australian tax payers, considerable burden of the impacts of climate change as these impacts, which are expected to increase over time. The levy would be proportional to the insurance costs as outlined in Ref. Holland D, (April 2015) Holland D., (feb 2016) 

(ref. Holland D., (April 2015)

Any Insurance cover by individuals is a voluntary payment to insure against loss of property and for the repair of damaged property.

Over the years the Australian public, have been dupped by certain unscrupulous individuals and political parties to ignoring the established science on climate change and its dangers and established science, about the risks of climate change and the risks of property damage caused by climate change in future years. Ref. Holland D, (Dec 2016)

Jan. 2017), Holland D,,  (November. 2017), (Holland D, (April 2016).

As a result, insurers and the insured have been blindsided, not to properly plan for increases to risk of property damage, caused directly or indirectly by climate change. Ref. Arek Sinianian, (2017), Holland D, Feb. 2016), Holland D, (November. 2017), Holland D, April 2016), Holland D, (November. 2017),

For example, the increased risk of fire to residences that happen to be close to bushland. 

Residents may suffer from increased, insurance costs due to the perceived increased risk to the properties.

If a recent flood study revealed that the owned property, is now subject to flooding under the new scenario of higher and more intense rainfall in an area that, previously, had less risk of flooding, 

 A situation, where the potential for tidal inundation, due to a changes of sea level, could change a properties level of flood risk, with no responsibility caused by the property owner and as a result produce an increased insurance premium cost.

Crop failure due changes in seasonal factors, often cause crop failures. For example, the cotton growing industry has invested over the years heavily to provide Australia with a 3% share of the world market, 

With Australia’s primary growing areas changing with the effects of climate change.

Crop revenues may fall.

 Farm insurance will become higher and needs to be redesigned to accommodate new climate change scenarios. (Holland)D., (April 2016), Holland D, (Sept 2017)

Climate change will affect National security, to both Australia and for our Pacific neighbours, these changes are causing environmental problems on several levels. Holland D., (feb. 2016)

Urgent action must be taken to address some of these inequities produced in our region by the impacts of climate change. 

Ref. Holland D, Feb. 2016), Holland D, (Sept 2017).

by David Holland

Master of Environmental Managment (natural Resources)(2017

B.A.S. environmental Planning.(1995)

References:

  1. (Holland)D, (April 2016),habitat Association ,   What are the most likely climate changes for Australia over the next 50 years or so. https://habitat-association.com/2018/01/14/what-are-the-most-likely-climate-changes-for-australia-over-the-next-50-years-or-so/https://habitattownplanningforum.wordpress.com/2014/04/16/climate-change-related-sea-level-rise-policy-changes-in-new-south-wales/
  • (Holland D.,(Dec. 2016), What causes climate change and how will it effect global environmental and economic systems? https://habitat-association.com/2016/12/, what causes climate change and, how will it affect global environmental and economic sytems?
  1. 8. Holland D, (April 2016),Habitat Association,  A warning to the NSW State government about the potential for climate change to affect the economy of rural towns reliant on agricultural income,https://habitat-association.com/2017/04/26/a-warning-to-the-nsw-state-government-about-the-potential-for-the-economy-of-rural-towns-reliant-on-agricultural-crop-income-being-affected-by-climate-change/
  1. Holland D,(Jan. 2017), habitat Association, What are the most likely climate changes for Australia over the next 50 years or so, https://habitat-association.com/2018/01/14/what-are-the-most-likely-climate-changes-for-australia-over-the-next-50-years-or-so/
  1. HollandD,(jan 2017), Habitat Association, The terms ‘dangerous climate change’ and ‘climate sensitivity’; what do they mean and why are they so important in the climate change debate?, https://habitat-association.com/2018/01/14/the-terms-dangerous-climate-change-and-climate-sensitivity-what-do-they-mean-and-why-are-they-so-important-in-the-climate-change-debate/
  1. Holland D, Feb. 2016), Habitat Association, A national Security problem sea level rise,https://habitattownplanningforum.wordpress.com/2016/02/21/a-national-security-problem-sea-level-rise/
  1. Arek Sinianian, (2017), A Climate for Denial, Longuelle Media Pty. Ltd.
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