It would appear more locals would like to see greater investment for natural disaster mitigation, such as flooding.
A recent survey conducted by the RAA revealed 80% of South Australians are becoming more concerned about the increasing frequency of natural disasters, while over 60% would like to see greater investment in disaster mitigation measures for events such as flooding.
Further to this, a number of responses called for updates to land use planning so homes were not built in high-risk flood and bushfire areas.
RAA Chief Executive Officer Nick Reade said the increasing frequency and severity of extreme weather events was putting more homes at risk than ever before and putting pressure on insurance premiums.
Mr Reade said diverting the 11% tax on all general insurance products would drive greater investment in disaster mitigation, which would ultimately ease pressure on premiums in the long term.
“Given South Australians are paying 11% tax on all home and motor insurance policies in South Australia, we’d expect that funding to be diverted to disaster mitigation measures to protect those homes and cars” Said Mr Reade.
Now two years on from River Murray Flooding in the Riverland, many areas are still seeing rebuild works take place.
