As of 1 July 2023, 65% of all Australian home insurance policies are now covered by the cyclone pool. Three of the four major insurers; Allianz, QBE and Suncorp have now joined the pool, this is a great result, exceeding predicted timelines for coverage of policies by the cyclone pool. By the commencement of the 2023‑24 cyclone season in November, we estimate 95% of home insurance policies will be covered by the cyclone pool. This is a great outcome for northern Australians who have been plagued with uncertainty as the cyclone season approaches.

https://www.miragenews.com/more-insurers-join-cyclone-reinsurance-pool-for-1046896/

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