Anybody Here From Bundaberg!!

Hello All,

One thing that we are starting to hear more of in the news reports about the floods throughout Australia is that people were "uninsured against flooding". What the news reports fail to mention is that after the 2010-2011 here in Bundaberg for example, the cost for insurance flood cover skyrocketed beyond the affordability of most people who live anywhere near the previously effected areas.

Now with the 2013 floods the affordability of flood cover will escalate way beyond those few who could barely afford the cost of coverage beforehand. Or the insurance companies will simply flatly refuse flood coverage outright, regardless of their exorbitant premiums. This is for both domestic and commercial properties.

Kind Regards
Lionel

Sounds like some sort of rule of "diminishing returns" to me. As various areas in Australia fall victim to a natural disaster, the Insurance Companies will raise their premiums to ridiculous levels so that people in those areas cannot afford to insure. OK, that's great in the short term for the Insurance Companies (after all they must have a record profit every year and keep paying their CEO's huge bonuses).

However, as the areas affected by natural disasters mount up and more and more people cannot afford to pay, so the Insurance Companies jack up their premiums to other policy holders who have not yet been affected (after all they must keep making record profits and paying their CEO's ever increasing bonuses) it gets to the point where nobody can afford insurance.

I can see an opening here for a Community Based Insurance Company where the profits go back to the members.

How about it, Dick Smith!!!!!:D:D

G'day All,

I reckon a lot of people in Bundaberg are experiencing heightened levels of stress and anxiety today. It is raining heavily with a strong wind blowing it around. Just like it did a number of weeks ago. People are still cleaning up their houses and the streets. People who lost their homes are in a tent city on one of the local events fields. The tents have floors and air conditioning however they are far from being "home".

My wife is a Special Needs Teacher Aide at one of the local schools and one of her charges said to her last week about the strategy of returning kids back to school. The idea is to return people back to familiar routines and some semblance of normalcy.

The child has to pass through severely flood effected North Bundaberg to and from school. They said, 'What is normal about driving though the Battle of the Somme twice in a day!"

The forecasters are saying it will rain until Monday :eek:

Kind Regards
Lionel

Some times I wonder if some places in the world are suitable for human habitat or even to plant crops. :(
My thoughts are on these poor people.

Quote:

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Originally Posted by Chucaro

Some times I wonder if some places in the world are suitable for human habitat or even to plant crops. :(
My thoughts are on these poor people.

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Hello Chucaro,

We got 50 mm in a pretty short amount of time - then it eased off :)

For a while there it must have wound some people up - it seemed awfully familiar to the last round Bundaberg went through.

Kind Regards
Lionel

G'day Lionel.
The good news (for you) is that the low trough is set to intensify AFTER it has passed you. Wont be as bad as a couple of weeks ago, but we will see a few trees blown over as the soil is still quite damp.
Dave.

and today morning bye bye Midtown Marina

https://www.aulro.com/afvb/images/im...013/02/403.jpg