The paper released by the Government canvasses a number of policy options for addressing the high cost of home and strata insurance in North Queensland. The Government is seeking the public’s and the business community’s input on each of the following:
Help consumers to compare insurance products by developing an insurance information and comparison website (or an insurance ‘aggregator’).
Promote resilience of strata title buildings by facilitating engineering assessments of strata title properties in North Queensland.
Expand North Queensland insurance markets by encouraging participation by foreign insurers.
Submissions close on Monday 2 June 2014. For more click here to read the discussion paper.