Tag Archives: insurance

ACCC right to call for Qld Gov’t to cut stamp duty on home insurance – $200 in stamp duty on each NQ home insurance policy on average

The ACCC’s Final Report on its Northern Australia Insurance Inquiry has been released at last and, among other things, it rightly reiterates a recommendation made in previous reports to (on p. xxiii): Abolish stamp duty on home, contents and strata … Continue reading

Posted in Townsville | Tagged , , , , , , , | 4 Comments

High insurance costs likely to impede development of Northern Australia

Since Cyclone Yasi, insurance premiums have soared in North Queensland as insurance companies have reassessed the risks of insuring properties in the region. Just how much premiums have increased is illustrated by some figures provided to the Joint Select Committee … Continue reading

Posted in Cairns, North Queensland, Townsville | Tagged , , , , , , | 5 Comments

Govt Actuary finds insurers struggling to understand catastrophe risk

North Queensland apartment owners will have to put up with the massive insurance premium increases (e.g. more than 300%) they have experienced in recent years after an Australian Government Actuary report concluded the premium increases most likely reflected the market … Continue reading

Posted in Cairns, Climate change, Cyclones, North Queensland | Tagged , , , , | 3 Comments