How to fix Australia’s insurance crisis | Full Story podcast

While touring flood-ravaged areas of NSW, the prime minister, Anthony Albanese, faced questions about the exorbitant cost of flood insurance, which has proved prohibitive for many residents in high-risk areas. Experts say rising costs associated with climate crisis hazards are making more and more homes uninsurable nation-wide. Laura Murphy-Oates speaks to reporter Christopher Knaus and insurance analyst Karl Mallon about how to fix Australia’s insurance problem