Insurers have called on the Morrison government to release the modelling that showed policyholders in North Queensland would receive a 46 per cent premium discount after the proposed introduction of its $10 billion reinsurance pool for natural disasters.
Assistant Treasurer Michael Sukkar introduced the long-awaited legislation in federal Parliament on Wednesday, but it is unclear whether there will be enough time to establish the mandatory reinsurance pool before the May election.
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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
