A proposal by the government of New South Wales that would make the installation of smoke detection devices in homes mandatory has received the backing of the Australian insurance industry
According to a report in The Australian, Emergency Services Minister Tony Kelly has met with insurance company representatives and has received support for the proposal. The government plans to officially introduce the measure on June 13.
The regulation would allow Australian insurers to take the presence (or absence) of smoke detection devices into account in setting homeowners’ premiums.
The initiative move comes after a series of recent fires in the State which have claimed 13 lives.
Was this article valuable?
Here are more articles you may enjoy.
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
Catastrophe Bond Investors Told to Brace for Jamaica Payout 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
