Insurers Told Not to Muddy the Water on Flooding Claims

Insurers have been put on notice to pay out genuine claims by Queenslanders left reeling from Tropical Cyclone Jasper. Federal Emergency Management Minister Murray Watt said some insurers were misinforming people that issues with a national scheme could prevent them from paying ups Insurers signed up to the national $10 billion plan known as the reinsurance pool, which was created by the former coalition government in 2022 to keep premiums down after natural disasters. But insurers say to be covered under the pool, a cyclone event must last no longer than 48 hours once it is declared by the Bureau of Meteorology. That 48-hour deadline for Jasper expired on Dec. 22, well before record rainfall and flooding devastated the far north....