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Australia: Economics panel makes 86 recommendations for insurers on handling flood claims

Retrieved on: 2024-10-21 00:00:59

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Australia: Economics panel makes 86 recommendations for insurers on handling flood claims. View article details on hiswai:

Summary

The article discusses insurers' inadequate response to the 2022 floods, outlining necessary reforms to prevent further climate change-induced insurance failures. Key recommendations cover standardizing insurance terms and government intervention for high-risk properties, relating insurance practices to climate change impacts.

Article found on: www.asiainsurancereview.com

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