The chief executive officer of the Insurance Council of Australia (ICA) has called on the federal government to “consider the impact of taxation” on the ability of property owners to purchase adequate coverage for Black Summer-like bushfire events.
In his opening remarks to the Senate’s Finance and Public Administration References Committee, ICA CEO Rob Whelan revealed that insurers have received 37,804 claims in relation to last summer’s bushfires, totalling $2.34 billion.
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