Fairfax Media Network

Weather News

Insurance code input sought

Tuesday 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

© ABC 2013

More breaking news

ABC News
Sydney Morning Herald
National Nine News
News Limited

Display Your Local Weather

Weather News

A fantastic finale to the Tasmanian snow season

15:14 EST

Tasmanian ski resorts at Ben Lomond and Mount Mawson are looking back at one of their best seasons in at least a decade.

Races, rain and punters lift spirits of channel country graziers in south-west Queensland

14:14 EST

Recent wet weather and an in influx of thousands of tourists for the iconic Birdsville Races have lifted the spirits of graziers in Queensland's far south-west.

Tasmania's Ben Lomond ski field ends season on a high

12:44 EST

One of the best ski seasons in decades at Tasmania's Ben Lomond ski village will finish this weekend.