Company Principal Neil Dufty recently wrote an article summarising Floodplain Risk Management (FRM) in Australia. Part of a comprehensive review of flood risk management in five mature economies by insurer IAG, this report details the successes and areas for improvement in the Australian FRM system.
A thorough overview of the state of flood risk management in Australia, including the history and current state of flood risk management in Australia. The identified successes of the Australian model include high-quality national and state guidelines and frameworks for FRM activities, climate change adaptation efforts, a commitment to building back better and high levels of insurance penetration. Areas identified where more work is needed include minimising development in high-risk floodplains and redistributing FRM funding from response and recovery to mitigation, with more balance between flood and other natural hazards.
Read the report here