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Insurance Business | 15 May 2014, 08:34 AM Agree 0
Another industry body has questioned Federal Government calls for an insurance comparison website for strata-title and home and contents insurance.
  • Robert Cooper | 15 May 2014, 11:21 AM Agree 0
    If the government is saying all fuel excise will go to roads, the medicare co-payment will go to medical research, then all stamp duty on insurance should go towards state and local governments mitigating risk potential for our regions. These include Flood levies, putting electrical lines underground (so not damaged by storms) and funding backburning and other mitigation measures in Bushfire prone regions. Or if they will not then remove such taxes as they are a disincentive to insure.
  • MD | 16 May 2014, 10:15 AM Agree 0
    i agree with Robert and secondly, too many people rely on the government to bail them out in a natural disaster, while the rest of us who pay our insurances dont benefit from such pay outs. Insurance is a big bucket of money, the more people who pay insurance, the less premiums will be. We need to encourage people to insure, eg make it tax deductable, dont give 100% payouts, limit the payouts during natural disasters, so people wont rely on the government, and use the stamp duty on insurance for mitigation.
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