“Our analysis shows the pool is lowering premiums of policyholders who live in areas with higher cyclone risk, as it was designed to do. However for many consumers in northern Australia, high cyclone ...
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 ...
A public hearing into the long-awaited Northern Australia cyclone reinsurance pool has heard the scheme is unlikely to live up to the former federal government’s promises of cheaper policies for Far ...
A promise to halve the soaring cost of home and strata insurance in northern Australia will not be fulfilled, the new federal government says. The federal Labor government has released the modelling ...
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 ...
The Australian Government’s cyclone reinsurance pool has lowered insurance premiums for customers facing medium to high risk of cyclone, the ACCC’s fourth insurance monitoring report has found.
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