Subsidised insurance for people in cyclone or flood-prone areas a bad idea, say experts

Insurance bill for damage caused by Cyclone Debbie in Queensland and New South Wales is predicted to top $1bn
Experts have argued against subsidising insurance premiums for people in cyclone or flood-prone areas as the multi-million dollar cleanup continues after Cyclone Debbie, saying that will only provide short-term relief.The insurance bill for damage caused by the cyclone, which struck near Airlie Beach on 28 March before causing widespread damage in northern Queensland and extensive and on