Original article by David Ross
The Australian – Page: 15 : 1-Mar-22

The Insurance Council of Australia has advised that more than 15,000 insurance claims arising from floods in Queensland and New South Wales have been lodged to date. Suncorp had received 5,000 claims by Monday morning, while Insurance Australia Group had received more than 3,200 claims by Sunday evening. Suncorp has also indicated that it may incur losses of up to $75m as a result of the floods; the general insurer recently reported that its costs associated with weather events in the first half of 2021-22 totalled $695m.

CORPORATES
INSURANCE COUNCIL OF AUSTRALIA LIMITED, SUNCORP GROUP LIMITED – ASX SUN, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG