Question regarding the WA government's potential financial exposure due to assuming home indemnity insurance liabilities previously held by QBE. The Treasurer clarifies that WA is not reinsuring QBE, but rather taking on the total liability.

AnsweredQoN 240Legislative Assembly
Asked
26 March 2015
Portfolio
Treasurer

QuestionView source ↗

HOME INDEMNITY INSURANCE — RISK-SHARING
AGREEMENT — QBE INSURANCE
240. Mr B.S. WYATT to the
Treasurer:
I have a supplementary question. What is the total potential
exposure to the taxpayer as a result of WA taxpayers reinsuring QBE's
home indemnity insurance liability?

AnswerView source ↗

It is not reinsuring. Western Australia is picking up the
total home indemnity insurance, not QBE. We are picking up the total one, and
the total estimated liabilities will be in the budget.

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