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Prevention of the next potentially disastrous flood : Comments
By Lloyd Hamilton, published 11/2/2013An array of flood mitigation measures is needed to reduce risk to south east Queensland.
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...And the fraudulent and criminal intent of the majority of insurance companies, who for years on end took money under false pretenses as insurance premiums to cover flood damage in these areas, only to reject claims in the final event of a flood! This is the “private sector insurance industry which generates gross premium revenue of $33.4 billion a year and has assets of $101.7 billion”.
...Yes…The Insurance Council of Australia officially refuses to insure households in flood zones, (I was always under the impression that insurance was designed to “spread the risk”), but not anymore apparently; at least not when profits and shareholder interest supersede all other interests!
...Flood mitigation falls onto the lap of the taxpayer; building estates built in known flood zones were also sanctioned by authorities payed for by the tax payer: This is a situation which is way past a joke.
...I view a situation in Ipswich which reads a “baying for the blood” of those responsible as the priority! After that, then let us talk of solutions as we sit around some-others camp fire!