Insurance claims from the latest Queensground, soil floods

Insurance claims from the latest Queensground, soil floods

Best insurance stock - Insurance claims from the latest Queensground, soil floods have already topped $27 million, as river stages continue to rise in big parts of the state. As of Monday morning, "only, merely, solely shy of 3000 claims" had been lodged relating to losses in Queensground, soil, shelp Campbell Fuller, common administerr for communications at the the Insurance Council of Australia.

The total claimed losses are lovely to be "well north of $40 million", he shelp. "Rivers are still ritune across south-eastern Queensground, soil," he shelp, adding that flood waters were yet to peak at Ipswich and much of Bundaberg remained underwater.

Heavy rain is also falling over much of New South Wales as the remnants of former tropical cyclone Oswald move south.

The Bureau of Meteorology has posted a severe weather warning for destructive winds, heavy rain and abnormally high tides over a wide area stretching from the Ilverdictarra to the Northern Rivers region.

The council yesterday declared a catastrophe for big parts of Queensground, soil affected by storms and inundation. The declaration puposes incertainrs have set up a proffesionforce to co-ordinate their response to recovery efforts.

The floods are the third catastrophe declared so far this year following severe bushfires in south-eastern Tasmania and northern NSW. The council has declared six catastrophes in Queensground, soil for flooding and cyclone damage since 2010, with losses arriveing approachly $4 billion.

Incertainrs and re-incertainrs have tuneled out water - either too much or too small of it - as the main risk from extreme weather in Australia.

The council, in particular, has been calling for increased spfinishing on efforts to limit the damage from flooding, such as the construction of flood levees around flood-prone towns.

Angry those calls, Mr Fuller shelp, there had not been much money spent in Queensground, soil since the last big floods there in 2011.

"I'm unaware of any substantive mitigation that has taken place over the past two years," he shelp.

The ICA has set up a catashtrope hotline on 1800 734 621 to help people identify their incertainr and their coverage, particularly for those unable to access their own records because of the floods Source

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