Claims greater extreme weather has caused record insurances losses are ‘simply untrue’
almost 4 years in cairnspost
The Insurance Council of Australia has claimed unprecedented extreme weather and record insurance losses as the reason to hike up premiums, but these claims "are just completely untrue" according to Liberal MP Craig Kelly.
Insurance companies recorded a $4.6 billion loss in 2019, mostly due to the extreme bushfire season, which in "nominal terms" would make it the worst year on record.
Mr Kelly claims year on year comparisons need to be adjusted based on inflation, greater population, and there being more cars, boats, and houses.
"When you look at this current season, which is claimed to be our worst, (it) actually comes in as our seventh or eighth over the last 55 years".
Mr Kelly told Sky News host Andrew Bolt over the 55 year period there has "been no trend" in terms of greater insurance losses, which disproves the notion that extreme weather is on an upward trend causing greater insurances losses.
"Every time we hear from these global warming alarmists, 'things are getting worse (and) insurance losses are increasing' it is simply untrue".
"There is simply no trend in greater extreme weather".
Image: News Corp Australia
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