They're so smart the insurance companies - after the recent spate of floods across Australia they have identified all those areas as no-go zones for insurance. Those who had policies have been told they cannot be renewed.

Insurance rep: Going forward we will focus exclusively on insuring people in safe city suburbs that will likely never need to be paid out. At the end of the day insurance is a business, and with business climate-change due to Covid, where corporation are making record profits, we need to adjust to this new normal.

https://www.9news.com.au/national/australia-breaking-news-today-latest-updates-live-nov...