Big news in Australia! The leader of the opposition party, Peter Dutton, wants to change how insurance companies work. He thinks people are paying too much for insurance.
- Dutton wants to look closely at how insurance companies do business.
- He says people are paying too much for insurance.
- Some big insurance company stocks went down a lot after he said this.
| Company | Stock Change |
|---|---|
| Suncorp | Down 21.3% |
| IAG | Down 4.1% |
| QBE | Down 1% |
Insurance costs have gone up a lot recently. Some people think changing taxes could help lower the cost of insurance.
