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Insurance Business | 05 Feb 2013, 12:05 AM Agree 0
The Queensland government will call on insurers to contribute to the cost of flood mitigation following claims by the Insurance Council of Australia (ICA) that more work needs to be done in this area.
  • Anthony Kane | 05 Feb 2013, 01:27 PM Agree 0
    The QLD Govt need to pull its head in. The QLD Govt receives substantial income from insurances premiums via Stamp Duty ($400 Mil +) and continue to choose not to allocate it to measures that would reduce infrastructure and population risk. Besides, how about you come up with a structured and costed plan before you put your hand out?
  • InsuranceSpectator | 05 Feb 2013, 01:36 PM Agree 0
    Why is it that all forms of Governement in Australia look at Insurance as a cash cow. Ongoing loadings such as:
    Stamp Duty
    Terror Levy
    Then on top of that, local government,state and Federal Governments want Insurers and their customers to fund infrastucture projects that they "can't" afford as a result of previously poor decisions
  • Gary Heinemann | 05 Feb 2013, 01:37 PM Agree 0
    Here here Anthony. The lack of understanding of the fundamentals of Insurance in the wider community and goverment, is staggering! Not to mention the hipocracy.
  • Richard Welch | 05 Feb 2013, 01:49 PM Agree 0
    All 3 tiers of Government need to be held accountable to supply the infrastructure not insurers. Like all other business, that's why we all pay the high taxes, stamp duties, levies and other Govt charges. Insurers should hold theses Government bodies liable for not maintaining a duty of care, like the business sector would suffer?
  • Simon Trowell | 05 Feb 2013, 01:51 PM Agree 0
    So, evidently it was Insurance Companies and not local Councils that approved buildings being constructed in flood zones? Got it. Councils/Government need to put their hand up on this issue and take some ownership given that they are the ones that approve where buildings are constructed. The Government should focus on getting the mitigation done rather than delaying things by asking others to put money in the hat. And meanwhile the poor families in these regions remain exposed to flooding.
  • Joel Ruig | 05 Feb 2013, 01:59 PM Agree 0
    This is typical responsibility avoiding by government. They, the government, allowed construction in flood zones and never bothered with the 'PUBLIC' works of flood mitigation. The damage and floods experienced by Qld'ers is a prima facie case of government dereliction of duty. They, the government, need to remember that the payment of taxes is for 'Public works' not vote buying. I think all sides of politics have forgotten their duties and have prostituted the democratic process. To even suggest that the fault lies with the insurance industry, just demonstrates incompetence. The fact that this has now happened twice is a BIG hint!
  • Andrew. | 05 Feb 2013, 01:59 PM Agree 0
    Does the Government have any sense of propriety or obligation? Far be it from anyone to expect the Government to actually do their job. The sole reason the current level of donations from the good hearted Australian public is so low is directly attributable to their ineptocracy. Dont care if its not a word - its appropriate. The insurance industry is doing an honourable job of improving the plight of geographically adverse customers - be it Fire exposures or Floods - all the while maintaining solvency margins and keeping Australian retirees happy with reasonable returns on their shares. What does the government do for us? Apart from providing bureaucrats and politicians with careers? Obfuscate, waste money, mismanage,throw billions overseas and generally disenfranchise every honest hard working taxpayer. Instead of asking the same people (businesses) time and time again to stick their hands in their pockets - try a little introspection and start adding value with the fundamentals - like not developing flood prone areas - or if you must, actually render some worth to the term 'Town Planning' by 'planning' risk management through initiates such as flood mitigation - now there's a novel idea.....
  • Ian Jones | 05 Feb 2013, 02:00 PM Agree 0
    Typical. The public and the Government at all levels seem to believe that insurers have bottomless pits of money and that they have some sort of automatic obligation to hand over millions of $$ out of the goodness of their corporate hearts. They forget about the fact that it is these same Governments in the first place that approve DA's to individuals and large corporate developers to build in areas that are flood prone or likely to be inundated with water. Maybe the insurers should be taking action to recover losses from the Government and local councils for stuffing up in the first place.
  • KenF | 05 Feb 2013, 02:00 PM Agree 0
    Einstein said a sign of insanity was to repeat the same exercise over and over and expect a different result. Eg. House washed away build another in the same place.
  • Lukey Luke | 05 Feb 2013, 02:25 PM Agree 0
    Was just about to say that Ken. The QLD government needs to take a good hard look at themselves!
  • Still Cranky | 05 Feb 2013, 03:17 PM Agree 0
    Better still, why not impose a flood levy on insurance premiums and then blame the insurance industry for putting up their prices!
    Oh, sorry. They already did that with the fire services levy......:)
  • Dazzalar11 | 05 Feb 2013, 04:09 PM Agree 0
    Pathetic effort Qld - Bring back Sir Joh
  • Robert Cooper | 05 Feb 2013, 06:42 PM Agree 0
    Sorry, I did not know the Insurance Council of Australia were so flushed with funds. It is a bit like asking for the RACQ to pay for all roadworks to make them safer. Rob Whelan spoke very well and fair about where responsibilities lie and it is with Government, whether local, State or Federal. Maybe you can use a chunk of that reserve of Terrorism Levy money you add to everybody's Property premiums towards flood mitigation? Governments are happy to increase airport security but not build levees to protect peoples homes in known flood plains that local and state government's have approved for development. Politicians priorities as well as their Brains are a mess.
  • Rowan Reeves | 06 Feb 2013, 01:57 PM Agree 0
    Get rid of middle class walfare and spend the money on infrastructure like flood mitigation that protects the whole community.
  • Abigail R | 12 Feb 2013, 08:16 PM Agree 0
    I do not understand why the insurance companies should pay for something that is quite obviously something the Government should be doing. It is not the companies who build the houses and let the people live there as well as tax the people. Perhaps if the Government stopped passing responsibility to the other levels of Government then maybe more would be done to adequately solve problems.
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