Too Expensive to Insure, Too Poor to Rebuild | The West Report

by Michael West | Aug 7, 2025 | The West Report

Australians are being priced out of protection

While insurance companies rake in record profits, hundreds of thousands of households can no longer afford basic coverage, some quoted $30,000 a year just to insure their homes

In this investigation, we break down how privatisation gutted public insurance, how flood and fire survivors are left stranded, and why there’s been no serious inquiry into an industry set to collapse under the weight of climate disasters

We also reveal the billion dollar terrorism levy quietly sitting in the federal budget, untouched and unexplained

Watch the full breakdown and tell us, who really benefits when disaster strikes?

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Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.

 

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