Business
Suncorp warns against building in flood zones, flags $250m in claims – Sydney Morning Herald
Suncorp’s chief has urged governments to improve their planning decisions and avoid building new homes in highly flood-prone areas as it revealed claims from this…
Its within the budget, but it all depends on what happens over the next couple of months. Thats the obvious risk that still sits within the business, he said.
We must also improve planning decisions to ensure we are not building new homes in high-risk areas.: Suncorp CEO Steve Johnston.Credit:Attila Csaszar
Suncorp, which owns brands including AAMI, GIO, Bingle and Apia, estimated claims costs from the floods at between $230 million and $250 million. It said its claim costs from the event would…
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