Testing Insurance Markets for Climate Disasters An Interview with David Richardson — Hosted by Michael Lester

Join Michael Lester from Radio Northern Beaches as he speaks with David Richardson, senior research fellow at the Australia Institute in Canberra. They discuss how global private insurance markets are being tested by the escalating risks and costs of natural disasters like cyclones, bushfires, and floods.

David explains why insurance premiums are soaring, properties are becoming uninsurable, and how international reinsurance arrangements are impacting local markets—especially in Australia. He also highlights the rising role of governments, which are increasingly stepping in with regulations, damage funds, and direct insurance guarantees to help communities recover. Tune in for an in-depth look at the future of climate risk and insurance.