Insurers not impacted by flood inquiry report
The general insurance industry doesn’t rate a mention in the Queensland Floods Commission of Inquiry interim report, despite months of ongoing backlash over the industry’s response to the catastrophe.
However, Commissioner Justice Catherine Holmes today produced more than 176 recommendations for areas that need immediate attention, such as dams, disaster frameworks and planning, forecasts and warnings, emergency responses, essential services, and issues related to flash flooding in the Lockyer Valley and Toowoomba.
Justice Holmes says insurance and land-use issues have not been subject to any recommendations as they “are not matters which lend themselves to recommendations for the next wet season”.
However, the insurance industry will be subject to the commission’s next round of hearings due to start in September, which will be followed by the release of the inquiry’s full report on February 24.