The Insurance Council of Australia (ICA) has announced it will provide $250,000 to QLD legal aid to ensure they are able to provide appropriate assistance to policyholders affected by the floods in QLD.
The ICA’s CEO Rob Whelan said, “The industry understands that not all policyholders will be covered for the recent floods in QLD. If policyholders disagree with the decision from their insurer they are able to access internal dispute resolution processes. The funding from the industry is aimed at providing additional resources for QLD Legal Aid to assist policyholders.”
The Independent Panel of Hydrologists appointed by the general insurance industry has now published the first hydrology report for Toowoomba. The report has been publicly released at the ICA’s website.
“The QLD Government has now released the majority of the required flood data to the Independent Hydrologist Panel. The Panel is on track to finalise all reports by the end of February 2011,” Whelan noted.
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