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canberratimes.com.au > story > 9182089 > australia-faces-insurance-crisis-amid-natural-disasters

Why everyone pays the price when victims can't afford insurance

4+ hour, 26+ min ago  (551+ words) Recent research by Finity data indicates Australia is on the cusp of an insurance emergency. The increased incidence of natural disasters has driven a 51 per cent spike in average home insurance premiums over the past five years. This has created…...

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canberratimes.com.au > story > 8945814 > defects-insurance-scheme-to-add-costs-to-act-homes-industry-says

New home prices face $35,000 price hike under insurance scheme: industry

10+ mon, 6+ day ago  (504+ words) Mandatory latent defects insurance may increase housing costs up to 5 per cent, Property Council tells parliamentary inquiry examining rising Canberra insurance bills. New Canberra homes would cost up to $35,000 more if the ACT introduces a proposed mandatory defects scheme, the…...