2011, English, Book edition: Natural Disaster Insurance Review : inquiry into flood insurance and related matters ; final report.

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Natural Disaster Insurance Review : inquiry into flood insurance and related matters ; final report
 
Bookmark: http://trove.nla.gov.au/version/208297441
Physical Description
  • 149 pages ; 30 cm.
Published
  • Parkes, ACT The Treasury, 2011
Language
  • English

Edition details

Title
  • Natural Disaster Insurance Review : inquiry into flood insurance and related matters ; final report.
Also Titled
  • Inquiry into flood insurance and related matters, final report
  • Final report of the Natural Disaster Insurance Review
Other Authors
  • Australia. Treasury (sponsoring body)
  • Australia. National Disaster Insurance Review (author)
Published
  • Parkes, ACT The Treasury, 2011
Copyright
  • ©2011
Content Types
  • text
Carrier Types
  • volume
Physical Description
  • 149 pages ; 30 cm.
Subjects
Summary
  • "Following the series of storms, floods and cyclones that affected many parts of Queensland and some parts of Victoria in late 2010 and early 2011, the Assistant Treasurer, the Hon Bill Shorten MP, announced on 4 March 2011 the Natural Disaster Insurance Review (the Review) ... It was the absence of flood insurance for many policyholders, particularly in Brisbane and Ipswich, that was the primary stimulus for the Review ... The fact that all home insurance policies cover storm damage including related water damage but many do not cover flood damage, which distinction is seen as arcane and artificial by many, led to a community backlash against insurers during 2011 and considerable distress, financial loss and disillusionment for many insured homeowners. Hence the theme of the Review, arising from the flood coverage problem and the full Terms of Reference of the Review, is the availability and affordability of insurance offered by the private insurance market, with particular reference to flood but also including other natural disasters."--Executive Summary.
Notes
Language
  • English
ISBN
  • 9780642747396
Dewey Number
  • 368.12220994
Libraries Australia ID
Contributed by
Libraries Australia

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