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Adaptation vital in world facing growing climate risks, says Munich Re
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Recent severe flooding in eastern Australia has reignited a debate on whether to ban rebuilding in high-risk floodplains.
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SINGAPORE - Increasingly severe floods, storms and wildfires are set to make some places uninhabitable and insurance cover too costly, says the chief geo and climate scientist at Munich Re, the world's largest reinsurer.
"If we have these repetitive events in certain areas, there's no logic there to rebuild again and again, with homes being burned down or flooded," Mr Ernst Rauch told The Straits Times.
