Liberal MP wants Coalition to expand $10bn scheme supporting insurers to cover all natural disasters
by Katharine Murphy Political editor from on (#5WQDN)
Warren Entsch says northern Australia scheme aimed at cyclone-prone Queensland should be extended to other parts of the country
The Morrison government should expand its $10bn cyclone reinsurance pool in northern Australia to cover natural disasters - including catastrophic floods and bushfires - in other parts of the country, according to the scheme's principal architect.
The veteran Liberal MP Warren Entsch campaigned for the scheme for more than a decade before Scott Morrison ultimately agreed to implement a reinsurance pool for northern Australia, backed by a $10bn government guarantee, which aims to protect more than 500,000 properties.
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