Insurance giant Suncorp has pushed through home premium increases of almost 7 per cent, the largest increase in years.
Brisbane-based Suncorp, whose brands include AAMI and GIO, linked the price rises in the past six months to a multi-year bombardment of “more frequent and more severe weather events, whether it be fires, floods or hailstorms”.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
