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Wednesday, April 15, 2026
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HomeEnvironmentAustralia's Suncorp flags costs of up to $263.3 million from natural hazards

Australia’s Suncorp flags costs of up to $263.3 million from natural hazards

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(Reuters) – Australian insurer Suncorp Group said on Monday it expects to incur a cost of between A$350 million to A$410 million ($224.74 million to $263.26 million) for claims relating to several natural hazard events in the country.

Suncorp said it has received more than 13,000 claims as of the end of October, relating to five declared natural hazard claims since the start of its financial year, including flooding in New South Wales state.

($1 = 1.5574 Australian dollars)

(Reporting by Harshita Swaminathan; Editing by Daniel Wallis)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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