One in 25 properties ‘uninsurable by 2030’
A new report warns 521,000 properties could be uninsurable by the end of this decade due to climate change risks.
A new report warns 521,000 properties could be uninsurable by the end of this decade due to climate change risks.
A review of the flood disaster that killed 13 people in southeast Queensland will include effectiveness of emergency alerts and agency co-operation.
Insurers say it's too soon to put a price on the floods as initial claims near $2 billion and assessors, techies and bankers muck in alongside communities.
Flood victims are urged to be aware of "claims farmers" who tout assistance with insurance paperwork, for a fee, lured by claims rising past $1.6 billion.
Australia's biggest insurer has used price hikes and taken its NRMA brand to other states to return to first-half profit.
Major insurer Suncorp has weathered a challenging first half peppered by natural disaster claims but is more optimistic about the rest of the year.
Property owners could be hit with higher insurance bills or find themselves uninsurable after the failure of flood mitigation infrastructure in Maryborough.