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Story summary
- Climate Council says sea-level rise could cost Australia $855 billion by 2100.
- It estimates $274 billion in property losses affecting about 250,000 homes.
- Queensland and Western Australia could incur $214 billion and $230.5 billion losses respectively by 2100.
- Insurance excludes “actions of the sea,” leaving many flood losses uninsured.
- Andrew Watkins says every 10 cm rise triples once-in-a-century flood frequency.
