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Insurer cuts Roma premiums after flood levee work

By Fidelis Rego, Friday July 25, 2014 - 10:27 EST

Queensland's biggest insurer says it is cutting insurance premiums for customers in Roma because the risk of natural disasters affecting the town has dropped.

In 2012, Suncorp refused to write new policies after the town was hit by record floods a year earlier.

A levee has now been built around part of the town and Suncorp says it will drop premiums by about 45 per cent on average.


- ABC

© ABC 2014

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