Tag Archive: levee

Forget the Insurers, Let’s Blame the Banks

Posted on February 15, 2011 by | 7 Comments
OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   The blame for many uninsured property and financial losses resulting from floods and from Cyclone Yasi can be sheeted home to banks, building societies, credit unions  and other lenders. Never mind the much-vilified insurance companies whose doubly-devastated policy-holders have found themselves not covered for flood or storm surge damage.  While more than a few insurers may have failed to demonstrate any “utmost good faith” towards their policy-holders,...

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