SUN 0.06% $18.09 suncorp group limited

Who has read the latest announcement? I don't think I've seen...

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    Who has read the latest announcement?

    I don't think I've seen this mentioned at all before but now the've stated that their reinsurance provisions only cover claims up to $300 million. Anything above that is to be covered by Suncorp.
    Am I reading this correctly? If so, it does not look good for them.
 
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