People in northern Australia will soon have cheaper property insurance as the federal government announced a subsidy plan for the region from next year. A reinsurance pool backed by a $10 billion government guarantee will be in place from July 1, 2022, to relieve the high premium cost burden on homes and businesses due to frequent
https://www.theepochtimes.com/pm-plans-10-billion-insurance-premium-subsidy-for-northern-australia_3801522.html

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