The response of insurers to major natural disasters needs to be overhauled after it “failed too many Australians” who were left devastated by floods in 2022, a parliamentary inquiry has found.
The house committee inquiry into insurers’ responses to the severe floods across Queensland, NSW, Victoria and Tasmania in the late summer of 2022 handed down its report on Friday, finding evidence of systemic problems, including inconsistent decision making, poor-quality expert reports and long delays.
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https://thewest.com.au/business/parliamentary-inquiry-finds-insurers-let-down-victims-of-major-flooding-in-2022-c-16441825
