Dutton, his deputy Sussan Ley and shadow treasurer Angus Taylor have made differing statements on the Coalition policy, before and after Cyclone Alfred

The Coalition has once again been forced to clarify its policy on breaking up the big insurance companies, with Peter Dutton now saying “certainly something has failed” in the market as Australians struggle with spiralling premiums.

After days of confusion over whether their divestiture policy would apply to the insurers, the opposition leader appeared to confirmed the Coalition would threaten to break up those companies in instances of market failure (where people can’t obtain affordable cover).

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