SUNCORP has reignited warnings against setting up a government-backed cyclone insurer for North Queensland.
The Federal Government in March last year seemed to have killed off the notion of establishing such an insurer, noting a taskforce report had highlighted “significant financial risk” associated with such an insurance outfit.
But the government never delivered on a final report by June last year, as intended. Financial Services Minister Kelly O’Dwyer’s office in March this year told The Courier-Mail the Government was “still considering the findings of the taskforce”.
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