.
Suncorp Group Limited (ASX:SUN) says it will cease offering new policies to Roma and Emerald both regional towns in Queensland affected by major flooding in recent years.
The insurer says it has paid out $150 million in claims to both towns but has only generated $4 million in premiums.
Suncorp will not be offering new policies until levies are built.
In the first half of the 2012 financial year, Suncorp posted a net profit of $390 million.
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Last
$20.32 |
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Mkt cap ! $22.00B | |||
| Open | High | Low | Value | Volume |
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| SUN (ASX) Chart |