Insurance code input soughtTuesday February 5, 2013 - 10:53 EDT
A review of the code governing the nation's insurers could address anomalies in flood premiums in the Riverina.
The Insurance Industry Code is under scrutiny at a meeting in Wagga Wagga today with the independent reviewer Ian Enright encouraging local input.
Some Riverina residents flood premiums have risen by thousands of dollars since 2010, despite living in areas which have not flooded.
Mr Enright says there has been strong feedback so far on dealing with people in financial hardship and there are efforts to make insurance more transparent.
"The code does concern itself with the way insurance is sold," he said.
"And it requires all dealings between the insurer and the customer to be on a fair and transparent basis.
The code review would be very happy to look at examples or trends where the code itself has not been complied with or where there's a view that the code could be improved."
© ABC 2013
More breaking news
Cyclone Debbie has the potential to wipe out fruit, vegetable and sugar cane crops worth more than a billion dollars, devastating regional communities and sending prices soaring at the green grocers.
Torrential rain is falling in Mackay and local authorities have issued a storm surge warning as Tropical Cyclone Debbie makes its presence felt in the north Queensland city.
Tropical Cyclone Debbie is just hours from reaching the north Queensland coast.