Coalition pushes $10b reinsurance pool

The Coalition are expected to pass the $10 billion reinsurance bill which will reduce premiums across northern Australia.

BRISBANE, AUSTRALIA - NOVEMBER 28 : Roof blown off house from super cell hail storm area declared disaster on November 28, 2014 in Brisbane, Australia

In response to a recent hearing before the Senate Economics Committee, where community representatives demanded relief from high insurance premiums, the Coalition will redouble efforts to pass the Federal Government’s $10 billion reinsurance pool before the election. Over the next 10 years, it is expected that the pool will reduce insurance premiums by up to…

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