I WOULD like to thank all those who have sent messages of congratulations for my award as Citizen of the Year, especially Di Fleetwood who nominated me.
The words of support from my home town mean a lot.
I wrote my first email on the strata insurance crisis in June 2011 so I’m coming into my fifth year.
As of today the insurance crisis has spread beyond strata to include other insurances and to include other areas of Australia leading to a solution required for Northern Australia not just North Queensland, although that is, and has always been, my priority.
A total of 30,000 households per year are leaving the market and the crisis is now affecting 3,000,000 Australians.
These excessive increases are still having a devastating effect on areas already affected by the downturn in the resources sector, the GFC and subsequent drop in tourism, and are causing mental, physical health and financial difficulties.
They have led to Mortgagee in possession sales, a major reduction in property values, and bankruptcy.
We are making progress – there have been new products on the market and at least it is now recognised at state and federal level that North Queensland in particular has an insurance crisis.
Insurance is not a luxury, it is a necessity, and it has to be affordable.
I continue the fight. Thank you all once again. Margaret Shaw Airlie Beach