Federal Government Should Treat Flood Mitigation as Nation Building
Speaking at a
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"Today, in the aftermath of Cyclone Debbie, the case for urgent investment in permanent, well-designed mitigation for disaster-prone communities cannot be clearer. Where mitigation does not exist or poor decisions were made about the design, floods have proved devastating. Insurers have to price the risk of these events, and where the risk is high, so too are the premiums."
He also told the
"The design and natural price focus of comparison services often results in the purchase of a product that is not necessarily suitable to needs. A focus on price without due consideration for policy coverage will put consumers at risk of underinsurance and an expectations gap if a claim is made," he said.
"The experience with these websites in similar markets, most notably the
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