RISK is fascinating. There has rightfully been a backlash in this region against the very high insurance premiums that the big insurers have seen fit to levy on us. Federal Member for Leichhardt Warren Entsch has led the campaign to see some redress of this critical situation in which body corporates, homeowners and lately businesses too are being slugged with spectacular increases in premiums.
The campaign has gained traction with the state government’s move to open up its flood mapping data to the insurers, in the hope they can assess risk more accurately than the broad brush approach we seem to suffer now.
But as we watch a long, hot summer get off to a devastating start already in New South Wales, on top of the enormity of the catastrophes down south in recent years, you’d think that the inevitability of catastrophic events is equal to or even worse than in the Wet Tropics.
But they tell us this is a less safe part of the world. Having lived nearly all of my life in the southern states I wouldn’t build a house near the trees for anything.
And when they tell us this region is riskier, I doubt it. Yes it has cyclone risk. But no one starts a cyclone with a box of matches.