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Insurers Push For Government-Backed Bushfire Model

Insurers Push For Government-Backed Bushfire Model

Einhorn's Greenlight Re yields to investor pressure.

Jan 06, 2020
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Risk Market News
Risk Market News
Insurers Push For Government-Backed Bushfire Model
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Australian Insurers Push Government For Model, Mitigation Funding

The Insurance Council of Australia (ICA) is pushing the federal government to dedicate additional money for the development of a bushfire model and increase the overall spend on mitigation rather than focus strictly on disaster response.

The research and modeling efforts would be funneled t…

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