Petition updateHelp North Queenslanders get fair and affordable insurance premiumsState Parliament Meeting - 3/11/13
Margaret ShawAustralia
Jan 8, 2014
According to Gavin King MP, 7 members of the State Parliament were present at the meeting. Suncorp gave a presentation as they have 65% of the insurance risk in the area. I know this is mainly house insurance as SUU has the highest % of strata insurance. The Insurance Council of Australia was also there. The State is going to try and increase the data provided to insurance companies to stop ratings by postcode. It was pointed out that no-one actually ever views the properties and, where with contents insurance there are a lot of questions asked, with building insurance there are very few. The State is also going to review the findings of the Inquiry held in February 2012 (about time too). I understand State members have 2 weeks from 28th October to come up their suggestions, and then there will be a week before the roundtable due 27th November (TBC).
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