IAG insurance australia group limited

A lot of bad press today about the floods in northern NSW.Fact...

  1. 6,716 Posts.
    A lot of bad press today about the floods in northern NSW.

    Fact is, its not a bad flood, and it is an area which gets floods regularly. Coraki is the most frequently flooded town in NSW. If insurers are insuring for floods there, which I doubt, then they are charging huge premiums. Anyhow the houses in Coraki are on stilts and even if the road into the town is cut off for 2-3 days, the actual damage is low because THEY ARE USED TO IT.

    Unlike the recent hailstorm which creates huge numbers of claims.

 
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