The latest calculations from Climate Valuation analysts found about 380,000 properties in Australia were either uninsurable or unaffordable to insure, equating to about one in every 20 homes.

That figure was expected to increase to one in 10 within the next decade, according to the firm's latest data.

Having done everything we can to make climate change worse, the dildo of consequence has arrived.

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[–] Nath@aussie.zone 2 points 3 weeks ago (2 children)

If only there was a government Insurance option? We could call it the "Government Insurance Office" or perhaps even "State Government Insurance Office".

[–] No1@aussie.zone 2 points 2 weeks ago

It's sad that some people would think that's a great idea because then you could sell it off and make bank...

[–] NaevaTheRat@vegantheoryclub.org 1 points 2 weeks ago (1 children)

The earliest insurance was indeed communist. People recognised that it sucks for everyone so they paid into communal schemes.

Private insurance is a rort, as the moment it's not mathematically disadvantageous to buy they pull out of the market.

It is exactly the sort of thing that should be nationalised.

[–] Nath@aussie.zone 1 points 2 weeks ago (1 children)

I was being cheeky. GIO and SGIO were initially government insurance services that were privatised in the 90's.

[–] NaevaTheRat@vegantheoryclub.org 1 points 2 weeks ago

Ah, you never know online