VITAL public infrastructure in Victoria including hospitals, schools and police stations is under increased threat of damage as climate change intensifies.

A consultancy report has warned that billions of dollars worth of infrastructure covered by the Victorian Managed Insurance Authority is exposed to the impacts of natural disasters such as bushfires and floods.

The report estimates the state insurer's extra costs from climatic events could run into millions of dollars. Credit:Michele Mossop

The intensity and frequency of such disasters are forecast to increase as the planet warms. The report says this will threaten infrastructure insured by the authority, potentially exposing the agency - and ultimately taxpayers - to higher recovery and insurance costs.

The report estimates the state insurer's extra costs from climatic events could run into millions of dollars. The analysis does not include impacts on rail and road assets, which would mean even higher losses.