"This has been the largest flood event in Australia's history," Insurance Council of Australia CEO Andrew Hall said during a visit to Tasmania.
The enormous volume of claims is slowing the process, as is the lack of tradespeople available to assess the damage bill."The system is a peak capacity, we ask people to be patient, we'll work through these claims as quickly as possible."this weekend, the Insurance Council is "very concerned" the list of flood claimants will grow longer.
He predicts the repeated flood events will continue to drive insurance premiums up, and called on governments at all levels to do something about reducing flood risk. The Bureau of Meteorology predicts another 20-40 millimetres of rain could fall over parts of northern Tasmania this weekend.Aurora Energy has announced it will offer bill relief to flood-affected customers in the north and north-west.
Wot?
Insurance properties? Wait, should that be insurance companies?