As highlighted in Insurance Business Australia, the insurance industry has welcomed the Federal Government’s announcement of additional funding to protect communities from flooding. The Minister for Emergency Management and National Recovery and Resilience, Senator the Hon Bridget McKenzie, announced $50 million in government funding for national flood mitigation infrastructure, boosting the fund to $100 million.
“Minister McKenzie’s announcement of this extra funding is an important step in protecting Australians homes and businesses, increasing the physical and financial resilience of property and business owners in flood-exposed communities,” Hall said.
Increased funding for public and private mitigation projects means you are investing in:
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