Australian Financial Review by Mark Ludlow May 10 2017 at 1:46 PM, Updated May 10 2017 at 5:18 PM The insurance industry has dodged a bullet on a government-funded mutual for cyclones in North Queensland after the Turnbull government opted to appoint the corporate watchdog to keep an eye on price rather than intervene in the market. My Comment: I would rather have a reinsurance pool, but I suppose we could consider this as having a Watchdog at last SO LONG as the ACCC has some powers to stop the ridiculous increases, without warning, which we've received over the years.