Suncorp says it’s time to act as flood cost rise to $250 million

Wednesday March 31, 2021

The floods that hit southern Queensland and NSW have cost Suncorp up to $250 million with more claims likely.

The recent floods will cost Suncorp about $250 million (photo: BoM)

Suncorp chief executive Steve Johnston has once again called on governments to act and provide mitigation infrastructure.

“Floods too frequently devastate communities across Australia which is why as a country we must address this risk,” Johnston said.

“As a country we need to address how we can protect homes in flood-prone regions through government investment in mitigation…

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