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More than $30 billion: Insurers seek HUGE funding boost for flood victims
The Insurance Council of Australia has unveiled the industry’s policy recommendations for the next Federal Government.
The centrepiece of the policy document is called 'Advancing Australia’s Resilience', which is a Flood Defence Fund, a $30.15 billion investment over 10 years to protect Australia's most at-risk catchments in Queensland, New South Wales and Victoria.
ICA CEO Andrew Hall told Peter Fegan on 4BC Breakfast, "The problem with flood insurance in Australia and around the world, we're not the only jurisdiction that faces this challenge."
See omnystudio.com/listener for privacy information.
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By 4BCThe Insurance Council of Australia has unveiled the industry’s policy recommendations for the next Federal Government.
The centrepiece of the policy document is called 'Advancing Australia’s Resilience', which is a Flood Defence Fund, a $30.15 billion investment over 10 years to protect Australia's most at-risk catchments in Queensland, New South Wales and Victoria.
ICA CEO Andrew Hall told Peter Fegan on 4BC Breakfast, "The problem with flood insurance in Australia and around the world, we're not the only jurisdiction that faces this challenge."
See omnystudio.com/listener for privacy information.