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ARTICLE · 01 MARCH 2012

The Insurance Industry and Disaster Events

Barry Nilsson
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The Parliamentary Committee conducted an inquiry into the operation of the insurance industry during disaster events.

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Robert Samut
Robert Samut
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Never before have there been so many inquiries into the insurance industry as there have been in the past two years. Combined with this we have a Federal Government which, despite many and varied distractions over that same period, has been very focussed on the industry and implementing reforms based on recommendations contained in these reports.

On Monday 27 February 2012, the House Of Representatives Standing Committee On Social Policy And Legal Affairs delivered its report "Volume 1: The Operation Of The Insurance Industry During Disaster Events".

The Committee was charged with inquiring into the operation of the insurance industry during disaster events. It received submissions from 79 individuals and organisations, 700 responses to an online survey and travelled to areas affected by natural disasters where it held 18 public hearings and 5 site inspections.

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