Bureau of Meteorology declares La Niña for Australia

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He added that the weather event increases the risk of cooler-than-average daytime temperatures for large parts of the country and the number of tropical cyclones.

“The last significant La Niña dates from 2010-12. This strong event had significant impacts across Australia, including the wettest two-year spells on record in Australia and widespread flooding, ”Watkins said.

“La Niña also occurred in the spring and summer of 2020-21. Back-to-back La Niña events are not unusual, with around half of all past events returning for a second year.”

Watkins assured that the BoM predict that this year’s La Niña will not be as strong as the 2010-12 event. However, he expects the weather event to persist at least until the end of January 2022.

“Each La Niña has different impacts, as it’s not the only climatic factor affecting Australia at some point,” Watkins added. “That’s why it’s important not to look at it in isolation, and to use the Online Bureau’s climate outlook tools to get a sense of the likely conditions for the coming months. “

Read more: Suncorp: Australians ignore natural disasters when moving

As Australia faces a La Niña weather event as strong as that of 2010-12, local governments and the insurance industry have already braced for extreme weather events.

The Queensland government, for example, recently announced $ 10 million in new funding for natural disasters to lower the cost of insurance in the region. Grants are available for 33 councils and the Weipa City Authority in high-risk and cyclone-prone coastal areas within 50 kilometers of the coastline, according to 7News.com.au.

Meanwhile, Lloyd’s Disaster Risk Facility (DRF) launched the first parametric retail cyclone insurance product, called Redicova, in northern Australia.

Developed by Karen Hardy, a North Australian with over 20 years of insurance experience, Redicova uses sophisticated tracking maps that track cyclones and plot their paths as they reach and continue on land. Based on data from the BoM, claims for the new product will be paid within days using the latitude and longitude of the policyholder’s insured situation.

In addition, the Insurance Council of Australia (ICA) is focusing on coastal areas, as they become increasingly vulnerable to the impacts of climate change. Last week he warned the government it would need $ 30 billion to mitigate risks to protect coastal communities.

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