Hits and misses in ACCC’s Northern Australia recommendations

Household insurance in northern Australia remains unprofitable for insurers, according to the second update report of the Australian Competition and Consumer Commission’s Northern Australia Insurance Inquiry.

The report, released today, confirms that higher costs and heavy losses incurred as a result of natural disasters result in premiums that are on average much higher in northern Australia.

/Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.