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Insurance company's plan to solve CQ's affordability crisis


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A Queensland insurance company has called on the Federal Government to back insurers prepared to enter the household and residential strata insurance markets across Central Queensland.
Sure Insurance claims to have a number of initiatives to encourage greater competition and drive down premium prices.
This includes a scheme that equips insurers with a tax-effective catastrophe capability titled the Catastrophe Event Provision.
Sure Insurance managing director Bradley Heath said it was time the Federal Government recognised insurers with “skin in the game” and encouraged and backed greater market participation and price competition.
“We all know in a good year, insurers will make a profit and in a bad year, they will not,” Mr Heath said. ....

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