Insurer Suncorp has been inundated with 24,800 claims so far in relation to the catastrophic hailstorms that lashed across Sydney, Central Coast, and the South East Queensland regions in December, with the damage costs expected to rise in the coming weeks as customers return from the holidays.
Suncorp said natural hazard costs across Australia and New Zealand for the six-month period to December 31, 2018 are now expected to reach $600 million to $610 million – $240 million to $250 million more than its $360 million natural hazard allowance for that period.
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