The ACCC also reported that the cyclone pool has not yet resulted in a significant increase in insurer participation in northern Australia. Since the pool’s introduction, no new insurers have entered ...
It could take up to 12 months before households see savings from a federal government initiative to subsidise home insurance costs in cyclone-prone areas. Home owners in WA's north pay four times more ...
Some Darwin home owners are experiencing significant increases to their insurance premiums, despite not making claims. Australian Competition Consumer Commission data shows both home and strata ...
A new report has highlighted concerning data about the contentious $10bn Cyclone Reinsurance Pool and its inability to reduce costs. The $10bn scheme was introduced earlier this year and promised ...
Don't miss out on the headlines from Cairns. Followed categories will be added to My News. The collective stand comes after devastating flooding impacted the Far North in the wake of ex-Tropical ...
Access to insurance has improved as well, ARPC said. The Australian Reinsurance Pool Corporation (ARPC) has released new data showing that the Cyclone Reinsurance Pool is delivering substantial ...
The federal government is establishing a reinsurance pool to take on insurance companies’ risk for cyclone damage to, in theory, drastically reduce premium prices. Leichhardt MP Warren Entsch said the ...
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