Sea Level Rise and Insurance

Apart from trying to stay out of the sun this summer, I have read with interest the following article regarding Sea Level Rise published in Climate Code Red and sourced from the Australian Newspaper.
http://www.climatecodered.org/2013/01/the-australian-admits-it-misinterpreted.html by Graham Readfern

CSIRO: http://www.cmar.csiro.au/sealevel/index.html

The CSIRO, Austraia's premier research organisation has huge amounts of data on sea level rise.
The graph on the right shows the rise (in mm not yet metres). An interesting editorial on the subject can be read here.

Another article, that of the cost of Insurance was published in the Weekend Financial Review (p 5) "Insurers lash 'brittle' buildings" where double digit figure rises in insurance costs were discussed in terms of improving the building code to better prepare for fire, floods, and storms. The words " greater emphasis on community adaptation to extreme weather events" were printed, ironically missing the point about why the extreme events are now causing such damage on our suddenly 'brittle' buildings.
Is adaptation is easier than reducing energy use?
Is increasing building insulation, improving energy efficiency and sourcing energy from renewables too hard to implement?
So how does the Insurance Council of Australia think the various governments and regulatory bodies will manage to change the building stock of Australia in a timely fashion to cope with more extreme weather is beyond me. (See recent Queensland Building Code Changes)

Surely this is what the Stern Report warned us about. Adaptation without changing the carbon economy and reining in the effects of Climate Change is going to be more expensive in the long term.
Wikipedia reports " The Stern Review's main conclusion is that the benefits of strong, early action on climate change far outweigh the costs of not acting. The Review points to the potential impacts of climate change on water resources, food production, health, and the environment. According to the Review, without action, the overall costs of climate change will be equivalent to losing at least 5% of global gross domestic product (GDP) each year, now and forever. Including a wider range of risks and impacts could increase this to 20% of GDP or more."

Watch and wait for more rises in important basic services. As a result of lack of action on the 'real' causes of climate change, not the misrepresentation provided by much of the traditional media.