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MP: 'North Queensland is insurers' limitless ATM’

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Insurance Business | 01 Nov 2012, 12:05 AM Agree 0
A federal MP has become the latest to fire abuse in the direction of the insurance industry, claiming that North Queensland residents have been hit with "outrageous" price gouging. A claim the ICA deny…
  • George Chabvonga | 01 Nov 2012, 11:25 AM Agree 0
    This is an unfounded attach on the Industry. Are we not seeing double standards here? Insurers are asked to pay claims that are not covered and they are also being not to collect premiums commensurate with the Risk. I think it would be wise to get some knowledge on the intricacies of Insurance before making misplaced comments and raising false hope on members of the public. The rate at which natural disasters are occurring justifies the Insurers collecting reasonable premiums to have enough funds to invest and pay claims as and when they occur.
  • Peter | 01 Nov 2012, 11:28 AM Agree 0
    Pity they dont have an intelligence test before being allowed to run for public office.
  • Talitha Power | 01 Nov 2012, 12:18 PM Agree 0
    Georgie boy DOES have a good point, working in insurance in Mackay -a LOT of clients are unhappy about the increases in costs, some opting not to have cover at all! Mackay is a very expensive place to live, especially if you don’t work in the mines and people here are struggling to get by day to day. Don’t go taking it out on George, he is out MP and he does a damn good job at sticking up for the issues of his constituents, he is only voicing their concerns and trying to get some positive feedback. Perhaps insurers should look at press releases as to why the costs have increased and showing exactly where their insurance money goes. No point everyone working against each other, let’s try and work TOGETHER to make the customers happy.
  • Andrew | 01 Nov 2012, 01:25 PM Agree 0
    Making statements such as "regurgitation of propaganda from the Insurance Council of Australia." dosent realy bode well for working 'TOGETHER'. That said, ICA could do a better job with it's profile in public arena....
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