Time for action as disaster risks rise, insurer says

By Peter Hannam
Updated January 8 2013 - 9:13am, first published 8:55am
Insurance losses from fires - and floods - are on the increase.
Insurance losses from fires - and floods - are on the increase.

Australia's exposure to natural risks is on the increase and governments at all levels should step up joint efforts to limit the losses and prevent insurance costs from spiralling higher, one of the country's biggest insurers says.

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