resilience starts with information
Building a Locus of Control: Protecting Yourself From “Climate Trauma”
With countries declaring drought emergencies and islands facing inundation, it can be difficult to turn away from the big picture when it comes to climate change. If we are to build a climate-resilient society, though, we must look to resilience at its origins, says one group of experts: the individual…
Costs blow out for Suncorp’s natural hazard allowance to $350m, 4th period in row for over-size claims
WILD storms and a New Zealand earthquake have helped blow out Suncorp’s insurance disaster bill for the fourth time in a row.
Brisbane-based Suncorp, whose brands include AAMI and Apia, told the market on Monday that claims from natural hazards was $350 million. That is $40 million above its half-year budgeted allowance of $310 million.
Exceeding the budget squeezes profitability, with the company to reveal half-year earnings results on February 9.
Suncorp has now surpassed its natural disaster budget at every half-year result since 2013. Among latest costly disasters were storms whipping South Australia and Victoria in November and December, costing Suncorp $110 million. Water had come through customers’ ceilings, winds impacted their fences and roofs, while hail and flooding had…
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