Insurers in Australia are calling for urgent disaster mitigation funding as the industry faces a bill of nearly $750 million from the New South Wales (NSW) and Queensland floods. It comes as the Bureau of Meteorology warns of further flooding risk in NSW’s Northern Rivers and Hunter regions, while flood warnings have been issued for parts of southern Queensland. Sydney is looking at another week of rain after heavy storms hit parts of the city late this week. NRMA Insurance says the country has just been through an unprecedented summer of extreme weather, including floods in South Australia and high heat resulting in bushfires in Western Australia. There was a 53 percent increase in home insurance claims compared to last year with the largest proportion in the ACT, Queensland, and NSW. Group executive Julie Batch said the benefits of investment in mitigation were clear. “Now is the time to get …