Australian reinsurance pool legislation passes
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Australian reinsurance pool legislation passes

Aisling Finn
30 March 2022
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The Australian government has passed a law establishing a A$10bn ($7.5bn) reinsurance pool for cyclone and cyclone-related floods for homes, strata corporations and small businesses.

The Insurance Council of Australia (ICA) welcomed the passage of the legislation and said it would continue to engage with the Australian Reinsurance Pool Corporation, the Treasury and the Australian Competition & Consumer Commission ahead of its implementation on...

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