Tag Archives: stratainsurance

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

Insurance Council admits ignorance on strata insurance hikes and funds JCU research

In a post last month, I observed that the Australian Government Actuary found insurers were struggling to understand the risks they face from natural disasters such as cyclones, and hence it is possible that huge increases in insurance premiums for … Continue reading

Posted in Cairns, Cyclones, North Queensland | Tagged , , , , , | Leave a comment

Whole world struggling to manage disaster risk

I was pleased to learn that the World Bank and Government of Japan are hosting the Sendai Dialogue tomorrow and Wednesday this week to discuss how the world better manages disaster risk. This is a critical issue because, assuming no … Continue reading

Posted in Cairns, Cyclones, Floods, Housing, North Queensland | Tagged , , , , , , | 2 Comments