Dumb Planning And The Rise In Insurance Costs: Costs Us All…

Despite the slow fall in inflation, Australian households are paying through the nose for their insurance. Indeed, rising insurance premiums have been a notable contributor to Australia’s cost-of-living crisis. They have also placed upward pressure on CPI inflation. The Climate Council says that Australians are paying $30 billion more on insurance than they were a decade ago, while premiums have risen at more than twice the average rate of inflation over that time. The Insurance Council of Australia stated in a recent report that 225,000 Australian homes face a 2% to 5% chance of flooding each year, but only 23% […]