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Reinsurance pool announcement for North Australia welcomed
Townsville Mayor Jenny Hill has welcomed the Federal Government’s announcement of a North Australian reinsurance pool.
Cr Hill said the announcement made today would provide relief to residents, business owners and strata title holders that had been crippled by the rising cost of insurance in the north.
“Residents, business owners and strata title holders in Townsville and North Australia have been struggling under insurance premiums that are now almost double those in the rest of Australia and I’m sure this announcement will provide relief to a lot of people,” Cr Hill said.