queensland

Standard & Poor’s have issued a bulletin saying that losses from the flooding being experienced in Queensland, Australia could end up costing the re/insurance industry over A$1 billion. Despite the potential high losses S&P says that ratings on Australia’s major general insurers remain unaffected so far.

The year hasn’t started well for residents of Australia’s Queensland state as rainfall has continued to increase river levels and the flooding they have been suffering from for weeks has now reached a point where it is going to cause huge losses and devastation. Flash flooding from thunderstorms continues to affect the area and the […]