ACCC finds northern Australian insurance costs soaring, recommends industry regulation – ABC News

Like many northern Australians, Sue Shearer has watched the cost of her home and contents insurance soar with dismay.
Key points:

• An ACCC inquiry has found more and more people in northern Australia are going without insurance
• The watchdog says average home insurance premiums in the region rose by 178 per cent over a decade
• Its report has recommended a series of regulations to make the industry more consumer friendly

“It just keeps going up and up. It’s exorbitant actually,” she said.
Yearly building…

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