The answer of Why Australians Will Pay for Queensland’s Floods
While in some sectors it can benefit claimant buy another piece of furniture to the item that was destroyed to be replaced. But it is at the expense of say, the clothing store where someone may have spent money, but they are no longer able to do this because of the increased insurance premium.
But what about this idea that foreigners actually rebuilding and financing cash flows in from abroad. There was a general investment to build and try hardest thing to get back.While that may be true, but ignores that the attitude of foreign investors. If a reinsurance company has to fork more money than expected to pay for a serious incident will of course demand a higher premium or yield before more money.
This means that the Australian insurance company paying a higher interest rate on the bonds it issues or the reinsurance policy.because it was claiming that foreigners will flood damage to be paid without any impact on Australians is just another example of the Australian mainstream child mistakenly believing that ‘Australia is different. If the arm stops, the Australian economy will suffer. Only then will the mainstream numpties aware that the Australian economy is no different than anywhere else.