PETALING JAYA: A former MP has urged Putrajaya to implement a national flood insurance scheme to serve as a social safety net for the vulnerable.
DAP’s Charles Santiago said the current floods in Johor and Pahang highlighted the need to provide relief to those affected, especially since the floods disproportionately affect the B40 and M40 groups, pushing them into poverty. “Hence, Malaysia must implement a national flood insurance scheme that should be made available in all states with subsidised rates for B40 households,” he said in a statement.
“The United States and South Korea offer public insurance schemes, which our Asean neighbours like the Philippines and Thailand have adopted, where the premium is in proportion to the risk of flooding in a particular area,” he said, adding that schemes such as these increase affordability and accessibility to a much wider population.Santiago stressed that the death and destruction brought on by these floods serve as a warning that more work must be done to lessen the effects of climate change.
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