Queensland is struggling to cope with record floood waters after being swamped by high rainfalls over the last week. The Bureau of Meteorology service offers very good statistics to gauge the impact. Looking at the map, it is apparent that most of the Brisbane River Basin (Qld) and parts of the Clarence-Moreton Basin (NSW) have received over 0.5 metres of water. When you appreciate that there is 0.5m of water entering these rivers across a basin, and that this water is scarcely regulated by reservoir catchments, then you must wonder how high the water level is going to rise. The river has so far risen to 6 metres, and the flooding is not over.
Apparently Australia relies on the general insurance market to cover risks from flooding, though Senator Boswell has advanced the idea of establishing a nationwide flood levy.
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Andrew Sheldon www.sheldonthinks.com