I’ve read the report all the way through and I thought it’s a very good start. Questions and comments: 1. The report states the ICA as saying the median premium for north Queensland is around $1,350 The ICA stated in their submission to the NAIP Taskforce 2015: “The median premium charged to strata unit owners in north Queensland is only $1,413 annually. “ Wouldn’t I love to be paying that!! • So, what is the median premium for properties deemed to be in a cyclone zone? • What is the average premium? 2. In their submission to the NAIP Taskforce the ICA showed an example of insurance quotes in north Qld for 5 suburbs: Insurer A $2,661 $2,651 $2,899 $3,215 $3,009 Insurer B $590 $617 $625 $696 $652 Insurer C $1,089 $1,371 $1,322 $2,115 $1,207 Insurer D $775 $795 $807 $899 $825 Insurer E $1,908 $1,612 $1,799 $1,987 $1,807 Unfortunately they used postcode 4825 which is out west by Mt Isa, which is not in a cyclone area (as far as we know). a) Perhaps Insurer A, B, C, D and/or E wouldn’t quote for a cyclone area OR b) The premiums quoted for a cyclone area looked so bad the ICA chose Mt Isa instead • What would the quotes be for similar properties in cyclone areas, pretending new business? 3. The report states the number of insurance companies operating in north Qld as 8 When Chubb left the market at the end of 2017 at least 4 complexes in the Whitsundays were left without insurance. Only 1 company out of 14+ asked to quote would offer these complexes insurance and that was Vero/Longitude (owned by Suncorp). Their quoted premium increases ranged from 197.71%-496.72%. 1 eventually found a second quote but the remainder did not. • What is the number of insurance companies operating in cyclone areas? • What is the number of insurance companies offering quotes on new business in cyclone areas? • Is $6,000 - $10,000 per unit for insurance alone considered as affordable?