Why climate change is an issue that property lawyers need to address

In early 2022, parts of South-East Queensland and coastal New South Wales were rocked by major storms and flooding.

This devastating event impacted numerous households, communities, businesses, and local governments. The Insurance Council of Australia (ICA) released updated data on May 31st, estimating that this weather event was the fourth costliest disaster in Australia’s history. As a result, over 216,465 claims across both states have so far been lodged with an estimated cost of $4.3 billion in insured losses.

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