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Attention swings to risk mitigation

Source: Asia Insurance Review | Apr 2013

The bushfires, floods and cyclones Australia has experienced in early 2013 have put the insurance industry's catastrophe response back in the spotlight, only two years after the worst season of natural disasters on record. Mr Rob Whelan of the Insurance Council of Australia emphasises the importance of government efforts to mitigate known risks, particularly flood risks, as well as the need to eliminate or reduce taxes and levies on insurance.

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