Government releases discussion paper on North Queensland insurance costs

more+
less-
more+
less-

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.

Topics:  Australia, Insurance Reform

Published In: Insurance Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© DLA Piper | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »