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ICA to host building standards caucus next week

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The Insurance Council of Australia (ICA) and the Master Builders Association will host their first Building Stronger Homes roundtable session in Canberra on November 26.

Senior industry and government leaders will attend the workshop, and experts in science, banking and finance, behavioural and market economics will also be invited to participate.

The initiative aims to kickstart a national property resilience policy and promotes co-operation between builders and insurers to help map actions that can improve the resilience and insurability of Australian homes.

“Whatever efforts we can take to reduce vulnerability and reduce the risk of loss must be a priority for industry and Australian governments,” ICA CEO Andrew Hall said.

The Royal Commission into National Natural Disaster Arrangements recommended mandatory consideration of natural catastrophe risk in land-use planning decisions and stronger building standards.