Inquiry into insurers' response to 2022 floods welcomed by expectant couple living in shed
ABCA father-to-be whose insurance premiums are seven times what they were 18 months ago is welcoming a federal inquiry into the sector's response to Australia's most expensive flood disaster. Key points: The Standing Committee on Economics is conducting an inquiry into insurers' responses to the 2022 floods Flood-affected people are being invited to participate in an online survey ahead of hearings that will be held later this year A Northern Rivers couple expecting their first child say they feel as if they are being "extorted" by their insurer Daniel Buckley and his pregnant wife, Karen Buckley, have been unable to move back into their home at Broadwater, New South Wales, since it flooded in early 2022. "I feel like I'm being extorted — I'm stuck with this company," Mr Buckley said. "We were told originally that we'd be back in our house in six months — that was 18 months ago," Mr Buckley said. "I spent the following days doorknocking, making sure residents were safe and that they had been able to claim disaster payments from Services Australia," he said.
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Inquiry submissions reveal frustration with insurance industry over handling of 2022 floods
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