Some customers in higher risk areas are starting to see premium savings, but hard reinsurance market and rising nat cat events mean benefits are less apparent.
As Cyclone Jasper brews off the North Quensland coast, ACCC releases report saying premiums in North WA, North QLD, and NT went up 4%, 7%, and 13% receptively this year.
The Australian Competition and Consumer Commission recognised Suncorp would benefit from focusing on insurance, but denied the acquisition due to concerns over increased mortgage rates and weakened competition...
