Will the storms in parts of Australia keep premiums high in North Queensland??
The southern part of the country has faced more natural disasters in recent times than the Northern Queensland region. However, businesses and home owners in North Queensland continue to pay pretty hefty insurance premiums. So this morning in the Cairns 4CA Breakfast Show Murray Jones caught up with Nathan Ray from Ascot Insurance Group to talk about what may change after the recent flooding in South East Queensland and Northern New South Wales. We also discussed what impact the recently announced North Queensland Re-Insurance Pool may have on the cost of premiums in this part of Australia. Is there good news on the horizon? Listen to what Nathan had to say here: