Australian insurers advise government to focus on risk prevention as bushfires rage

An Australian rural firefighter observes the damage caused by bushfires in Queensland, Australia. Credit: iStock/Stuart_Shaw

The Insurance Council of Australia (ICA) has advised the Australian Government to significantly shift the focus of disaster relief towards mitigation and protection, and also to carry out a major reform of insurance-based taxes to ensure that homes and businesses are adequately protected, as it prepares its 2020-2021 budget. The ICA’s call came at the end of 2019, as the…

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