Lambie will fight insurance industry for flood-affected businesses

Independent JLN Senator Elect for Tasmania Jacqui Lambie has placed insurance companies on notice - amid growing community concerns that they are not honouring their contracts with Tasmanians affected by recent floods.

“If evidence emerges that insurance companies are not treating Tasmanians fairly, I will take the issue before Parliament.  If I have my way, one of the first jobs for a Senate Committee will be to look closely at the practices of the whole Australian insurance industry. I look forward to questioning, under oath and before a Senate Committee, every major insurance executive in Australia about the way they conduct their business,” said Senator Lambie.

“They will be held to account by the way they conduct business – especially in Tasmania. I think that this will be one of those important issues which will receive wide-spread support from all members of the new Parliament. And if my motion to bring on this Senate Inquiry is opposed, I will be digging further and asking why?” said Senator Lambie.

“One of the first questions to ask and receive an answer to is: Which insurance companies have made political donations, how much, and to whom? I am very concerned insurance companies have been allowed by government to not honour their contracts with Tasmanian businesses affected by the floods - and I want to know why?” Senator Lambie said.

“I have been approached by a number of flood-affected businesses who have been forced to wait six weeks before an insurance assessor even visited their site – only to be told the insurance company won’t pay out. Tasmanian businesses cannot, and should not, be expected to absorb the exorbitant cost of a forced, six-week hiatus,” Senator Lambie said.

“I have been warned that some businesses will simply remain closed if they don’t receive insurance payments – because without it, they can’t recover their losses. While Australia waits for the final results of the weekend’s election, I will be on the ground, talking to businesses and looking into whether the insurance companies are performing unconscionably or unethically,” Senator Lambie said.

“If you are a Tasmanian business affected by the recent and devastating Tasmanian floods, and have been refused insurance payments by your insurer, please contact my office by calling 03 6431 2233, or you can email senator.lambie@aph.gov.au.” said Senator Lambie.