ACCC finds northern Australian insurance costs soaring, recommends industry regulation

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

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

Yearly building insurance price hikes have also pushed up her body corporate fees, in a unit complex where many of the residents are pensioners or self-funded retirees.

Ms Shearer — who is the CEO of the Council on the Ageing NT — also regularly fields calls…