A combination of increased insurance premiums, increased bushfire risk and updated building codes could mean insurance policyholders are underinsured – or not insured at all.
Research highlights the need for regulators, consumer advocate groups and industry associations to be involved in determining what insurers can – and cannot – discriminate against.
Professor Michael Sherris from the School of Risk and Actuarial Studies provides his insights on the potential impact of bushfires on insurance premiums and the implications of underinsurance.
