d’finitive – Flood (NDIR Final Report 2012)

  • Finity

    The Federal Government recently decided to implement standardised flood mapping, a standard definition of flood and a key facts statement. It also called for more consultation of how flood insurance should be implemented. In this newsletter, we -

    • Provide some background to the Natural Disaster Insurance Review
    • Discuss what flood insurance will mean for insurers and consumers
    • Discuss some issues for insurers in the short term, particularly for those insurers who allow customers to opt out of flood cover