Liberal MP wants Coalition to expand $10bn scheme supporting insurers to cover all natural disasters

The Morrison government should expand its $10bn cyclone reinsurance pool in northern Australia to cover natural disasters – including catastrophic floods and bushfires – in other parts of the country, according to the scheme’s principal architect.

Content retrieved from: https://www.theguardian.com/australia-news/2022/mar/04/liberal-mp-wants-coalition-to-expand-10bn-scheme-supporting-insurers-to-cover-all-natural-disasters.