Media Release

5 June 2018

Suncorp welcomes Brisbane's flood mitigation program

Suncorp has welcomed Brisbane City Council's Flood Resilient Homes Program to help homeowners better protect themselves and their properties from flooding.

Suncorp Insurance CEO Gary Dransfield said Suncorp had long advocated for government investment in mitigation measures that reduce natural disaster risk and better protect communities.

"Brisbane is one of the greatest cities to live and work, but some areas are very prone to flooding," Mr Dransfield said.

"The devastating impacts of 2011 are still fresh in many homeowners' minds and South East Queensland needs a package of different solutions to help address the issue - one is a greater focus on smart, flood resilient design and construction.

"Over time, effective mitigation pays for itself and delivers enormous personal and economic benefits. Many communities could be better protected and pay lower premiums with the right funding and government policies in place.

"Suncorp has demonstrated that it will reward mitigation methods, including through our award-winning Cyclone Resilience Benefit. Similarly, we will evaluate home improvements under the Flood Resilient Homes Program and adjust insurance premiums accordingly after consultation with the homeowner.

"Brisbane City Council should be commended for this Program which aims to introduce smarter designs and practical retrofits for homeowners to minimise damage and reduce disruption to families living in high-risk flood areas.

"This announcement supports the work we've been leading to help Queenslanders make their communities more resilient."

Suncorp has a long partnership and is an active member of the Queensland Flood Community of Practice, which has produced Water Futures, a shared vision for a more flood and drought resilient South East Queensland.

Ends

For more information contact:

Media

Alexandra Foley 0419 794 294

Twitter:@SuncorpGroup

LinkedIn:Suncorp Group

Facebook:SuncorpAUNZ

Suncorp Group Ltd - ABN 66 145 290 124 - Level 28, 266 George Street, Brisbane Qld 4000

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Suncorp Group Ltd. published this content on 05 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 June 2018 02:27:04 UTC