Late winter and early spring have been marked by wild weather sweeping large parts of Australia, damaging homes and businesses and causing power outages.
Such unpredictable weather is also occurring around the world and driving huge rises in premiums to the point where the future of insurance is in doubt.
In 2022, floods, hurricanes, hailstorms, winter storms and droughts amounted to more than A$149 billion in insured losses globally with losses growing five years prior.
The full impact and cost of the latest events in Australia will not be known for some time, but it can be expected to be significant.
Extreme weather
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