A new report by the Insurance Council of Australia (ICA) has found that 77 per cent of homes in high-risk flood zones are not insured for flood. 

Federal Member for Page Kevin Hogan said the findings are another strong reminder of why flood mitigation must remain a top priority.

“The best way to bring insurance premiums down is to reduce the risk itself. Every dollar invested in mitigation saves lives, protects homes, and helps keep insurance within reach for families and small businesses,” Mr Hogan said.

“Flood mitigation is the only solution for our region. It not only protects homes, businesses and roads, but also helps make insurance more affordable.”

“Three out of four homes in flood-prone areas have no flood cover. That should be a wake-up call.”

Mr Hogan said the timing of the ICA’s findings coincides with a major milestone in the CSIRO’s flood modelling for the Richmond River catchment, which has just entered its next phase.

“CSIRO has confirmed they will now model engineering solutions. This work is crucial to identifying the measures that can actually lower flood heights and keep our community safer,” he said.

Two bundles of potential engineering options are now being modelled, including detention basins, as well as upgrades to Boundary Creek, the Bruxner Highway, and Tuckean Swamp drainage.

These scenarios will be tested against the 2022, 2017 and 2008 flood events, with the final CSIRO report and recommendations due in June 2026.

“Our community fought hard to make sure CSIRO models real solution. This latest insurance data proves why this work is so important. Mitigation is not optional - it’s the only way to keep families, farms and businesses safe for the long term.”