High premiums pushing farmers to the brink

City families are struggling due to rising insurance costs, but farmers also say soaring premiums are pushing them to the brink. Insurance companies blame the changing climate but there are fears consumers will ultimately have to pay, with higher prices at the checkouts. Recent inflation data showed insurance was the fastest-growing expense within the last 12 months, the overall rate of inflation increased by 2.8 per cent, while insurance went up by 14 per cent.