Tuesday, March 8, 2016

Insurance taskforce report response not quite the sound of crickets

After sitting on it since November the Northern Australia Insurance Premiums Taskforce finally dropped their Final Report into the public domain last Friday, a day of the week when all good news is released. I had been thinking the response had been rather muted if anything:
Cairns Post: Mitigation only way to bring down FNQ insurance premiums
AFR: Insurance task force dumps on northern Australia mutual
Insurance News: Entsch unimpressed, but insurers welcome premiums report
Insurance Business: Taskforce reveals Northern Australia recommendations
Insurance Council supports findings of Northern Australia Insurance Premiums Taskforce

But wait? There is outrage from a not unexpected source of the typically variety:
4CA: Where did it all go wrong
4CA: Entsch's response to Insurance Taskforce's recommendations Source

There are the usual number of statements and assertions there from the Member for Leichhardt and his media acolyte which deserve more critical attention and fact checking when time allows a more thorough perusal of the report.

The most interesting reading may actually be in Appendix C: Financial Impact of Proposed Cyclone Schemes

No comments:

Post a Comment