Suncorp slams governments on Roma flood risk

Suncorp say it is the responsibility of governments at all levels to increase efforts to limit losses and prevent insurance costs rising in the event of floods.
Suncorp say it is the responsibility of governments at all levels to increase efforts to limit losses and prevent insurance costs rising in the event of floods. Derek Barry

AUSTRALIA'S exposure to natural risks is rising and governments at all levels should increase efforts to limit losses and prevent insurance costs rising, according to Suncorp Insurance.

The company's Risky Business report on risk management quotes Suncorp personal insurance CEO Mark Milliner as saying many homes remain exposed to the impacts.

"In the townships of Roma and Emerald, Suncorp assessors have visited some homes three times in as many years," Mr Milliner said.

"In my mind, repeated natural disaster damage is simply unacceptable.

"After speaking with our customers, and seeing the emotional stress that comes with having your home repeatedly destroyed, I believe we need to do better."


Mr Milliner said the circumstances in Roma and Emerald were not unique.   "The risks associated with natural disaster are rapidly increasing right around Australia, but investment in mitigation is not," he said.   "We all know that bushfires, cyclones and floods are a part of living in Australia. "So the question is: Why aren't we ready?"

Mr Milliner defended Suncorp's decision to stop accepting new insurance customers in Roma.

"Ultimately, no matter how Suncorp goes about business, higher claims costs will always drive higher insurance premiums," he said.

Topics:  maranoa council roma flood suncorp insurance

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

GasFields chair on same amount as Queensland Premier

IMPENDING DECISION: GasFields Commission chairman John Cotter chats with Mines Minister Anthony Lynham at the Surat Basin Expo in 2015.

GasFields Commission comes under fire from landowners

The Roma teachers inspiring our future engineers

NUMBER ONE: F1 in Schools co-ordinators Jo Rickert and Chris Smith are proud of how their students went at the State Titles earlier this month.

Chris Smith could barely contain his jubilation.

Fashions on display for Melbourne Cup

Amanda Gradwell, Shirley Johnson, Cheryl Martin and Leah Pascoe with some of the fashion from Amanda's Choice.

Roma's Endeavour are holding a luncheon for the Melbourne Cup.

Local Partners

Landholders vow to fight carbon storage plan

"The concerns, I believe that people have here expressed, are enough to warrant this project being canned."

WATCH: NASA space station is live, see the view from above

In this picture taken from NASA's International Space Station from April 2015, the SpaceX Dragon is captured with the 57.7-foot-long Canadarm2 robotic arm before its installation to the Harmony module.

See the world from a new perspective as space station passes Rocky

Community garden set for Palmwoods

Kay Nixon at the Palmwoods Community Gardens will be hosting a launch day and inviting the ecommunity to come along and sign up.

Parcel of land to supply sustainable gardening for community

Barry Gibb is coming to Bluesfest 2017

FANS: Barry Gibb talks to a fan next to a cardboard cutout of his young self.

Aged 70, Gibb has re-launched his solo music career with a new album

Jake left broken-hearted by Bachelorette break-up

Jake Ellis is one of the final three bachelors on The Bachelorette.

GEORGIA chooses Lee and Matty J as her final two suitors.

MOVIE REVIEW: Doctor Strange is out there in a good way

Benedict Cumberbatch in a scene from the movie Doctor Strange.

MARVEL'S new superhero takes viewers along on his mind trip.

MOVIE REVIEW: Jack Reacher sequel falls flat

Tom Cruise in a scene from the movie Jack Reacher: Never Go Back.

THE film's title Never Go Back should serve as a warning to fans.

The Bachelor contestants find love with each other

Former Bachelor contestants Megan Marx and Tiffany Scanlon have confirmed their relationship on social media.

MEGAN Marx and Tiffany Scanlon confirm relationship on Instagram.

Liam Payne wants to wed Cheryl Fernandez-Versini

Cheryl Fernandez-Versini and Liam Payne

Liam Payne reportedly wants to marry Cheryl Fernandez-Versini

Bindi Irwin 'honoured' to make MAXIM HOT 100 list

Wildlife Warrior named among Australia's most beautiful women

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Look at me! Kath and Kim home up for sale

Kath and Kim from the iconic Aussie TV series.

'Crack open the Baileys and grab a box of BBQ Shapes'

How to fit 100,000 new homes on the Coast

Property, real estate, housing, suburb,  August 2016

Fitting 2m extra people in south-east Qld in 25 years a balance

Hinterland horse stud passed in for $8.25 million

UNREAL: This Maleny estate is incredible.

12-bedroom hinterland horse stud still available

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June