QBE warns of climate risk after $300m hit to revenue from extreme weather events

Need to make sure Government doesn’t do taxpayer handout subsidies to premiums, as happens in USA for poor little rich kids with beach front villas in Florida

QBE chief warns that severe weather may force premiums to price out customers for certain types of insurance in Australia and around the world.
— Read on www.smh.com.au/business/banking-and-finance/qbe-warns-of-climate-risk-as-300m-hit-to-revenue-alongside-unusual-weather-20200217-p541e3.html

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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