Home insurance may go up $300 a year

Global reinsurance companies are indicating they will increase the premiums that insurance companies must pay by up to five-fold to recover huge losses in the Asia Pacific region from the Canterbury earthquakes, the Queensland floods, Cyclone Yasi and the Japanese tsunami. As a result insurance premiums are increasing dramatically as these reinsurance costs need to be passed on to the consumer.

For the full article on this topic please CLICK HERE