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Marion Rae

MYSTERIOUS: Insurers prepare for soaring climate cost | Mind Blowing Facts

Insurance Andrew Hall

Insurers are aiming for net zero as they brace for big costs from extreme weather events. (Diego Fedele/AAP PHOTOS) (AAP)

The cost of extreme weather events is expected to soar and put insurance out of reach for some communities.

The Insurance Council of Australia (ICA) released landmark research on Wednesday on the scale of the challenge and how the industry should respond to climate change.

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