Australia: Disaster averted?

sydney-skyline-australia-web

Australian insurers facing possible requests from the government to help fund mitigation projects say it is not a cost they should bear and that any funding will eventually be paid for by policyholders.


In September 2014, a draft report from the Productivity Commission, a public agency which provides policy advice to the Australian government, found not enough is being spent on disaster mitigation

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Aine Tyrrell, partner at law firm DAC Beachcroft, explains why fresh guidelines for the assessment of damages in Northern Ireland could add to the costs faced by insurers and contribute further inflationary pressure to premiums for liability and motor products.

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