A sample clip of John MacKenzie's chat with Federal Leichhardt MP Warren Entsch and Insurance Advocate Margaret Shaw about the $10 billion reinsurance pool legislation that successfully passed the senate after an 11-year battle.
They were both labeled as lunatics in the attempt to introduce a new bill, but now, more than 880,000 residential, strata and small business property insurance policies across Northern Australia are expected to be covered for the risk of cyclone and related flood damage through the establishment of the reinsurance pool.
The reinsurance pool will be backed by a $10 billion annually reinstated C...
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Mar 31, 2022