Document / Publication
Australia - government
This review is established to examine how best to ensure that the appropriate national measures are in place to foster more complete sharing of risk and equitable sharing of the cost of damage and loss resulting from floods and other natural disasters throughout Australia. It addresses: (i) government intervention in private insurance markets; (ii) the appropriate mitigation of risk by individuals and governments at all levels; and (iii) individuals and businesses insurances. Its key recommendation is to establish an Agency that will, for the first time, bring together flood risk management and insurance in a manner designed to ensure the availability and affordability of flood insurance to all insured Australians.