Queensland flood damage bill reaches AUS$290m; costs set to rise
The devastating flooding in Queensland is expected to cost well over AUS$290m as over 25 800 claims have been received by insurers with more to come, according to the Insurance Council of Australia.
Unfortunately the ICA expects these numbers to rise significantly as the full extent of the damage becomes clear. Insurers NRMA Insurance and CGU, both owned by IAG have already received over 5 000
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