Suncorp says reinsurance will limit flood claims to A$50mn
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Suncorp says reinsurance will limit flood claims to A$50mn

Alex Frampton
15 June 2021
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“More needs to be done to better protect homes in flood-prone regions across the country, including improved town planning and government investment in mitigation infrastructure.”

Suncorp has said that the maximum potential loss it can bear from recent flash flooding, severe winds and heavy rain in metropolitan and regional Victoria in Australia is limited by reinsurance to A$50mn ($39mn).

The

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News Reinsurers
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Alex Frampton
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