Jul 22, 2026 – 5.00amBy 2050, more than 1.5 million Australians will live in areas that will experience serious sea-level rises and coastal flooding, according to the first National Climate Risk Assessment. This is on top of the thousands of businesses operating in these zones that could be wiped out.Climate change’s potential scale makes it tough for insurers to accurately price premiums, which have to accommodate still unknown risks. Nevertheless, regulators expect the insurance sector to be more up front when the cost of policies rises steeply.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles