Australia news live: PM to visit flood areas with NSW crisis an insurance ‘catastrophe’; Atagi weighs recommendation for fourth Covid jab

Floods an insurance ‘catastrophe’, says Insurance Council of Australia boss

We were also just listening to Andrew Hall, CEO of Insurance Council of Australia, on ABC radio, who was saying the floods will be a “catastrophe” in insurance terms.

He’s asked whether insurers would continue to insure homes in flood-prone areas. He says they are insurable but “it comes at a price”.

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