the lawyers win again

Australia’s coastal residents could be about to encounter the impact of climate change on their property insurance, a Sydney climate forum has been told.

Climate change business risk analyst Karl Mallon told the conference that the cash value of a home would be cut by up to 80 per cent if it is deemed uninsurable for a severe weather event caused by global warming. He said developers and local councils risk litigation for negligence if they fail to factor climate change into planning. The Age, 10 Apr 2007