New ICA Charter aims to improve response and coordination to nat cats and introduces a new insurance event designation for catastrophes of unprecedented scale.
Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.
Currently, residents of Queensland are paying dual tax on insurance policies and next state government should eliminate stamp duty, says Insurance Council of Australia.
New 2750 home Gold Coast project aims to build on elevated pads, but ICA says this will only complicate and delay construction, adding that "development in areas prone to extreme flood risk should not...
