Please help us improve PreventionWeb by taking this brief survey. Your input will allow us to better serve the needs of the DRR community.
Insurance meddling risks disaster
According to News.com, the Productivity Commission’s recently released draft report opposes governments to subsidize insurance premiums. Authors of the report would rather see more investment in flood-mitigation infrastructure and the establishment of a single portal for all flood maps which include all natural hazards. The final report is expected to be submitted to the Australian federal government in September 2012.
"If insurers are prevented from setting premiums in line with underlying risks this could distort the incentives that premiums give households and businesses to manage their risks effectively," argue the writers of the draft report.
Explore further
Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use
Is this page useful?
Yes No Report an issue on this pageThank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).