There have been 12,000 insurance claims related to flooding so far

In the wake of the devastating floods on Australia's east coast, there are calls for all banks and insurers to be required to be more transparent about the extreme weather risks of properties.

Bangunan terendam air saat banjir melanda daerah Windsor, di sebelah Barat Laut Sydney. Source: AAP Pool

The New South Wales government says it'll be 'riding the insurance companies" - to ensure that thousands of flood claims made so far  are processed quickly.

Yet many home and business owners who've suffered major damage have said they're not insured.

There are predictions that insurance premiums could double in certain areas.

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