Please help us improve PreventionWeb by taking this brief survey. Your input will allow us to better serve the needs of the DRR community.
Australia: 'Flood mitigation a vital saving' - Suncorp
Australian insurance companies will be forced to keep on increasing premiums unless the state and federal governments get on with the job of mitigating flood-prone areas in Queensland, warned Patrick Snowball, the chief executive of the nation's largest insurer, Suncorp, as reported by the Australian. "We just can't go on ladling more costs on to individual consumers to the point that people can't afford insurance. When people can't afford insurance then the government ends up paying, so the government must mitigate," he said.
Explore further
Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use
Is this page useful?
Yes No Report an issue on this pageThank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).