Insurance council of Australia blames inflation and extreme weather for huge price rises in premiums

Matthew Jones, the General Manager of Public Affairs from the Insurance Council of Australia, joined 4BC Drive with Peter Gleeson to respond to claims that Logan residents are being rorted with exorbitant insurance premium price rises due to new flood mapping.

Peter Gleeson grilled Jones on all the reasons why premiums are spiking by as much as 400% and how insurance companies are able to make such large profits year in, year out.

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