Business Services Industry
Insurers warn on flood cover.
Australasian Business Intelligence, June, 2007
Byline: Rachel Nickless
Jun 12, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The insurance bill from floods is estimated at $A200 million, according to the Insurance Council of Australia (ICA). However, while this figure could increase, ICA's Paul Giles has cautioned that flood-related damage is sometimes excluded from home and contents insurance. Nevertheless, storm damage is a typical inclusion in products offered by Allianz Australia, Insurance Australia Group and Suncorp-Metway. Telstra and the ANZ Bank are also involved in relief packages for affected New South Wales residents.
Publication Date: 13 June 2007
INSURANCE AUSTRALIA GROUP LIMITED - ASX IAG
SUNCORP-METWAY LIMITED - ASX SUN
AUSTRALIA AND NEW ZEALAND...
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