Territory Stories

Sun newspapers Wed 1 Apr 2015



Sun newspapers Wed 1 Apr 2015


Sun newspapers; NewspaperNT




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Community newspapers -- Northern Territory -- Darwin Region

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Nationwide News Pty. Limited

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Nationwide News Pty. Limited



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WEDNESDAY APRIL 1 2015 NEWS 03 V1 - SUBE01Z01MA highlight significant affordability initiatives developed by the ICA and insurers, including strata inspection schemes and building resilience tools, CEO Rob Whelan said. However, the best longterm and sustainable way to reduce insurance premiums is to reduce the damage that extreme weather causes. Improving the resilience of homes and businesses in cyclone-prone regions has a direct impact on insurance. the cost of insurance based on the location of each individual property, Mr Kernaghan said. Unfortunately, flood risk pricing can impact pricing and affordability even more than cyclone risk pricing. The Insurance Council of Australia said it would work with the taskforce. The ICA is keen to contribute to these discussions and be examined is that of riskbased pricing, which is standard across most of the industry. TIO is examining a move towards risk-based pricing as a way of improving fairness among its customers. It means policies with a higher risk pay more, while those who do not carry the risk pay less. Risk pricing is based on the different factors that impact Insurance plays an important role in local economies helping businesses and communities recover after weather or other adverse events, CEO Paul Kernaghan said. We are interested to see the outcomes from this taskforce and how they will help communities and homeowners protect whats important to them. He said one issue likely to Ms Griggs said it would examine whether the Australian Government could provide support to a reinsurance pool or a mutual insurer that provides cyclone-specific cover across Northern Australia. There is no doubt cyclone risk is the biggest driver of these high insurance prices, she said. TIO welcomed the news. THE Federal Government has announced the establishment of a special taskforce to examine high insurance premiums across the Top End and Northern Australia. LNP Federal Member for Solomon Natasha Griggs and Assistant Treasurer Josh Frydenberg said the Northern Australia Insurance Premiums taskforce would explore options for reducing home, contents and strata insurance premiums. Territory FM station manager Jih Seymour with radio host Johnny McKay, who is heading south after five years on air. Radio host hits airwaves for final broadcast NT radio host Johnny McKay will hang up his headphones for the last time on Thursday. The Territory FM breakfast show host is heading south after almost five years of lending his voice to the NT. As well as his time on air, Johnny is also known for his volunteer work with the NT Emergency Services, for which he received a Pride of Australia Heroism Medal last year. He recently assisted in res toration efforts on the Tiwi Islands after Cyclone Lam. Johnny moved to Darwin from New Zealand in 2010 to gain radio experience as a voluntary announcer at the Territory FM studio at CDU. He was promoted to breakfast show host a few months later and said he gained more than radio experience while in Darwin. Darwin has become home to me and I am very sad to be leaving, he said. This lovely city and its surroundings will always remain close to me. Johnny said he would miss his involvement in Darwin community fundraising and charity activities, such as the Worlds Greatest Shave, and promoting these charities on the breakfast show. Territory FM has given me the opportunity to further my career and I have met great people along the way and had such memorable experiences, he said. Territory FM station manager Jih Seymour commended Johnny for his strong work ethic and his tireless efforts to promote positive community messages. Johnny is such a talented and dedicated member of the Territory FM team, he said. We wish him all the best in whatever path he chooses to take in the future. States premium problem Insurance review welcomed by businesses At Mortgage Choice Financial Planning, we want to help you take care of your fnances so you can relax and enjoy the things in life that mater to you. As the fnancial adviser working with the team at Mortgage Choice in Darwin, I can help you to: Protect your income Protect your family Simplify superannuaton Create Self Managed Super Funds ph: 89 414 600 Mary Favelle www.MortgageChoice.com.au/fp/mary.favelle email: mary.favelle@mortgagechoice.com.auem Authorised by Natasha Griggs MP Unit 3/266 Trower Road CASUARINA NT 0810 Your local MP NATASHA GRIGGS MP Federal Member for SOLOMON ADVERTISEMENT Wishing you a happy and safe Easter. Take care on our roads. www.natashagriggs.com.au