Global insurers say Australia is running out of time to reduce its vulnerability to the climate crisis and faces higher premiums for households and businesses.

“They said, ‘you’ve got five years basically’,” said the federal assistant treasurer, Stephen Jones, who led a delegation last month to insurance centres in London and Munich.

“They like what we’re saying but they want to see that backed up by action.

REPOSTED FROM THEGUARDIAN.COM – AUREAD FULL ARTICLE HERE