The royal commission into last summer’s disastrous bushfires, dubbed the “Black Summer”, has highlighted the need for state and federal regulation intervention to bolster business resilience measures.
As brokers and insurers struggle to manage the onslaught of claims for business interruption and destroyed properties, the Insurance Council of Australia (ICA) and the Investor Group on Climate Change (ICGG) have called on governments to ensure there is a coordinated national disaster strategy.
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