Tropical Cyclone Alfred may have been downgraded, but homes across NSW and Queensland still remain at risk of major flooding.

Now thoughts are turning to what the cost will be. Just how many people were insured against the destruction? And how many will be able to claim back money in what’s now being called an 'insurance catastrophe'? 

Today, business journalist Sumeyya Ilanbey, on what it will take for insurance premiums to come down, after steady rises over the last couple of years. Especially as global warming increases the frequency, and cost, of climate disasters.

Tropical Cyclone Alfred may have been downgraded, but homes across NSW and Queensland still remain at risk of major flooding.
Now thoughts are turning to what the cost will be. Just how many people were insured against the destruction? And how many will be able to claim back money in what&rsquo;s now being called an 'insurance catastrophe'?&nbsp;
Today, business journalist Sumeyya Ilanbey, on what it will take for insurance premiums to come down, after steady rises over the last couple of years. Especially as global warming increases the frequency, and cost, of climate disasters.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Cyclone Alfred and insurance: Will our premiums ever drop?

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