AlliF

Unfortunately in a lot of instances it is is because in the (extremely) fine print these companies stipulate they will not cover for river floods only flash floods, so people often think they are covered for an event when they are not - hence they wriggle out of it legally (but not morally in my view - you would think a flood is a flood right?).
I wouldn't be a bit surprised though if a lot of insurance companies find people cancelling or not renewing their policies now they realise they are not worth the soggy paper they are written on...

spalen

This is so wrong. But not surprising.

Effectively a 1% pay cut - fantastic. Thank you citizen gillard.

I wonder how many of the population earn less than 50K , hopefully this will be the final straw that switches everybody off these clowns.

freebo

Welcome to the brave new world were financial institutions gamble, keep the profits and pass on the losses to the public via the govts. Same as in the US/UK/Europe post GFC, (otherwise known as a bailout).

iamthecreaturefromuranus

I think we can expect it to become the "Disaster Contingency Levy" and remain in place... permanently.

Petals

I am happy if they spend on infrastructure as it will keep people employed and make more jobs and update our aging systems, about time.

All this hoo ha about paying for this and paying for that, we want to live in a modern country with modern infrastructure, transport etc so we have to pay for it.

What upsets me is people who moan about paying tax and then moan when the roads sh........... and they have to wait for an ambulance, or power cuts .

We gets what we pay for, this is no-ones fault and no-one should be blamed

JoeBloggs80

Oh of course. I realise that all insurances companies are a bunch of snakes.

I'm just surprised there isn't more of an outcry over their shadiness.

AlliF

Because people know it is a total waste of breath, they know legally they are clear so will just shrug their shoulders and carry on business as usual.

It just reminds me of a really funny film - The man who sued god (starred billy connolly who fought an insurance company who refuse to pay up on a claim, saying the storm that sunk his ship was an act of god so they were not liable. So he went off to sue god...

ozzieeagle

Totally agree, this comes down to institutional greed. The Government should name and shame.

Deancm_MKII

You can't beat nature.

Deancm_MKII

Exactly!

Deancm_MKII

To ensure the govt. get us back into surplus.

Deancm_MKII

Who voted this lot in?

fish.01

Stop interrupting the party political broadcast...this is a balance free zone

Deancm_MKII

We wouldn't have this problem if people weren't stupid enough to build in flood areas.

Pollyana

They gave us free bus travel for a week, while there were only limited buses cos of the floods. When they started charging again they promptly put the fares up
Telstra in Brisbane today told me I can't buy a top-up voucher for the internet cos of the flood and no less than 25 chemists have informed me there are no antihistamines left in the city....because of the flooding. I suggested to the last one that maybe they should try a different supplier, she told me that means getting the tablets from OUTSIDE QUEENSLAND :curse: I told her I wouldn't care if they came from Antarctica as long as I could get something to stop me sneezing, but she didn't get the point Th same pharmacy wouldn't sell me Nurofen either but this tine it wasn't cos of the flood but because I don't drive! Two passports not sufficient ID, it had to be a driving licence cos the only box on the form said driving licence number.....WTF!
Oh and Coles has run out of tomatoes and milk again.......due to the flood, good thing I won;t have any spare cash, there's nothing to spend it on

However, the good news is that the Eagle Street Pig n Whistle re-opens tonight