Lismore businesses that couldn’t afford insurance premiums face huge flood damage bills

When Adam Bailey last sought insurance for his antiques shop in Lismore, nobody would offer cover except one firm that demanded $70,000 a year.

The shop with its 150 year-old Japanese kites and rare jewellery was “like a museum” but Bailey and his other neighbours balked at paying out such premiums.

Content retrieved from: https://www.theguardian.com/business/2022/mar/02/lismore-businesses-that-couldnt-afford-insurance-premiums-face-huge-flood-damage-bills.