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ACCC finds northern Australian insurance costs soaring, recommends industry regulation – ABC News
A consumer watchdog inquiry into insurance finds more and more northern Australians are going without proper cover amid rising premiums, and recommends a string…
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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