Suncorp has jacked up home premiums by almost 7.5 per cent, in the insurance sector’s latest indication of inflationary pressure.
The Brisbane-based company blamed the rise on repeated natural disasters such as big hailstorms – the damage bill from which blew out $205 million beyond internal budgets in the past six months.
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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
