Biggest insurance payouts are not for massive bush fires because they happen in places with not much private property. Biggest payout in recent times was when Sydney was hut with hail the size of golf balls. Biggest payout ever, for reinsurance companies, who place Australia in South Asia Pacific, was the earthquake in Christchurch NZ. This caused premium increases here.
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- Ocasio-Cortez says we need World War II-scale action on climate. Here’s what that looks like. – ThinkProgress
- Early rain as Arctic warms means more methane
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