Suncorp's insurance profits fall 17.5% for full year

ferry-sydney

Adverse weather events meant Australian insurance giant Suncorp missed its full year catastrophe allowance by A$60m (£34m).

Claims from two June East coast low storms are an example of the extreme weather in Suncorp's full year results (untild 30 June 2016). The storms pushed Suncorp above its A$670m natural catastrophe

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