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  • Writer's pictureMagnetic Community News

Reinsurance Pool Modelling - The Numbers Don’t Lie

Assistant Treasurer Stephen Jones has been completely disingenuous with the Townsville community.

We were very clear. We always said for home owners facing the most acutecost pressures there would be savings of up to the figures used in March, based on the advice provided at the time.

For Townsville homes it shows an average saving of around 28%. A 28% saving on a $4000 premium would be $1120 back in the pockets of locals.

This report shows there’s only one person being misleading in this discussion, and that’s the Minister himself. A 28% average saving on a Townsville home’s premium would not have happened without this legislation.

Minister Jones and the Opposition supported the Reinsurance Pool when it passed the Parliament in March. It’s time to stop playing politics, and get the insurers on board.

The Pool remains absolutely crucial to reducing insurance premiums in North Queensland. I once again call on the insurers to confirm that they will pass on these savings in full.

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Jun 30, 2022

This article looks like a party political anonymous press release. The last sentence is written in the first person ("I once again call on the insurers . . . .") but there is no by-line. Who wrote this and why doesn't the accused minister get a chance to rebut the accusation?

Jun 30, 2022
Replying to

Politics aside? I see that even the Townsville Bulletin has concerns about your anonymous correspondent:

"Nothing to see here: MP denies misleading public

Townsville MP Philip Thompson has brushed off claims the Morrison government misled the public on the cyclone reinsurance pool."

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