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July 16th, 2021, 03:23
Oh, more important my sympathy to everyone affected.
Regarding building close to rivers etc., the insurance industry in Australia about 10 years ago became more granular. For example, a low lying set of street numbers might have house insurance premiums up to five times higher than houses in the SAME street but in a higher section. Same is true for bushfire likelihood, proximity to sea shorelines etc. etc. This has changed some developments (FYI for our aged Queenslander, this was driven by the Brisbane floods).
I had to endure a two hour lecture from an actuary when I was consulting to an insurance company board here in Australia about the topic. I felt like one of those nodddy dogs you see on cars parcel shelves.
Join Date: Sep 2010
Location: Melbourne, Australia
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