Australia has an unprecedented opportunity to resolve issues of escalating insurance prices caused by an uncertain climate. The time has come to curb the trend towards increased economic exposure to natural catastrophes. The recent change of government, the upcoming Australian G20 in Brisbane in 2014, the establishment of the Bushfire and Natural Hazards Research Centre […]
Author Archives: Rachel Carter
From July this year, Victorian councils began collecting the fire services levy through property rates, rather than taxing insurance policies. Formerly the levy was funded by a tax on insurance companies and therefore passed on to the consumer in the pricing structure of their insurance policy. The Victorian Treasury says current model is premised […]
The Australian summer has become synonymous with bushfire risk. Tasmania, New South Wales and Victoria have witnessed devastating bushfires generating millions of dollars of damage. Many individuals have experienced the heartache of having their property destroyed and Australia has also seen thousands of hectares of land transformed into blackened savannahs. Now, as the flames […]