Insurers support rethink on Australian disaster spend

Australian insurance bodies have supported a Senate committee
report that called on the federal government to reconsider
increasing its spending natural disaster mitigation.
The Senate Standing Committee on Economics released a report on
10 August recommending that the Australian government reconsider
its decision not to lift federal funding for disaster mitigation
and resilience to A$200mn ($157.43mn) a year.
The recommendation followed the news that insured losses for
Cyclone Debbie had passed