Withstanding disaster - Suncorp profile

Withstanding disaster

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There is no doubt that 2010-11 is shaping up to be an expensive financial year for insurers across Australia and New Zealand. In January alone, cyclones and storms across Queensland and Victoria caused an estimated A$2.75 billion ($1.7 billion) in damages, according to the Insurance Council of Australia. February's 6.3 magnitude earthquake near Christchurch could end up costing as much as NZ$16 billion ($7.8 billion). Add to this the various smaller floods and bushfires that have plagued Austral