Compare Life Insurance :: News
SHARE

Share this news item!

Queensland's Persistent Flood Woes: A Call for Resilient Rebuilding

Queensland's Persistent Flood Woes: A Call for Resilient Rebuilding

The recent floods in northern Queensland have left a significant mark, with the Insurance Council of Australia reporting 1,435 insurance claims following the heavy rains.
As the weather slowly begins to clear, residents of Townsville have started returning home, heaving a sigh of relief as the city narrowly avoided severe flooding.

Although Townsville was spared the worst, the situation in Ingham remains grim, with the Herbert River experiencing major flooding. The waters rose to 14.94 meters at the Ingham Pump Station, surpassing the major flood threshold of 12 meters. Emergency services are on high alert as risk of further flooding persists, though river levels are expected to recede in the coming days.

State Premier David Crisafulli remarked positively on Townsville’s fortune, acknowledging, “There is no doubt that the city has dodged a bullet.” However, he emphasized the ongoing challenges in Ingham, recalling the devastating floods of 1967 as the town grapples with a similar disaster.

Meteorologist Miriam Bradbury from the Bureau of Meteorology reported scattered rains replacing the earlier deluge, easing some pressure but keeping vigilant watch over river systems. She cautioned that riverine flooding risks remain as water moves through the catchments.

The Premier highlighted the extensive damage across Ingham, noting the severely affected homes, businesses, and farms. “There have been people who have been inundated at home, at their businesses and in their farms,” he shared. In a decisive move towards resilience, he announced plans to rebuild critical infrastructure with disaster prevention in mind. “We are determined to build betterment into all that we do,” Crisafulli stated, underscoring the need to learn and improve from each disaster.

Insurance firms are mobilizing to support affected communities. IAG has processed around 100 claims and deployed additional staff to the region, with Suncorp and RACQ joining efforts to assist claims handling locally.

The floodwaters pose risks beyond immediate physical damage. Brodie West, President of the Restoration Industry Association, advised caution when dealing with contaminated floodwaters, which contain a myriad of hazards like soil bacteria, industrial waste, and heavy metals. She emphasized the importance of taking “the right approach… in particular drying and hazard removal” to mitigate health risks associated with floods.

While the insurance adjustments and government resolution provide some hope, the scale of recovery underscores the need for strategic rebuilding. Repurposing traditional infrastructure models towards ones that withstand future climate-driven challenges is crucial. As Premier Crisafulli mentioned: “Disasters will strike and communities understand that, but there’s no point continuing to do the same thing and expecting a different result.”

The source for this report was derived from Insurance News, capturing the ongoing developments and responses in the face of Queensland’s challenging flood conditions.

Published:Wednesday, 5th Feb 2025
Source: Paige Estritori

Share this news item:

Insurance News

AFCA Criticises TAL for Unfair Termination of Income Protection Benefits AFCA Criticises TAL for Unfair Termination of Income Protection Benefits
16 Nov 2025: Paige Estritori

The Australian Financial Complaints Authority (AFCA) has recently ruled against TAL, a prominent life insurer, for terminating a policyholder's income protection benefits without prior notice. This decision underscores the critical importance of procedural fairness in the management of insurance claims. - read more
Actuaries Institute Highlights Financial Strain of Mental Illness on Insurance Systems Actuaries Institute Highlights Financial Strain of Mental Illness on Insurance Systems
16 Nov 2025: Paige Estritori

The Actuaries Institute has issued a call for immediate action to address the escalating financial strain that mental illness is placing on Australia's insurance and compensation systems. This appeal underscores the pressing need to ensure the sustainability of the nation's financial safety net in the face of increasing mental health-related claims. - read more
Fitch Ratings Anticipates Continued Premium Increases in Australian Insurance Sector Fitch Ratings Anticipates Continued Premium Increases in Australian Insurance Sector
16 Nov 2025: Paige Estritori

Fitch Ratings has projected that Australian insurers will continue to implement premium increases, with gross written premiums expected to grow by mid to high single digits. This forecast is driven by the need to offset rising claims and increased allowances for natural hazards. - read more
Surge in Cyber Insurance Adoption Among Australian Businesses Surge in Cyber Insurance Adoption Among Australian Businesses
16 Nov 2025: Paige Estritori

In the past year, BizCover, a leading small business insurance provider, has reported an almost 50% rise in sales of cyber liability insurance. This significant uptick underscores the escalating awareness and concern among Australian businesses regarding cyber threats. - read more


Life Insurance Articles

Tailoring Income Protection for Medical Professionals Tailoring Income Protection for Medical Professionals
Income protection insurance is a vital safety net for individuals across various professions, designed to provide financial stability if one is unable to work due to illness or injury. This type of insurance replaces a percentage of your income, alleviating the burden of regular expenses while you focus on recovery. For medical professionals who often have high earnings and extensive financial commitments, this coverage is particularly important. - read more
Making Sense of Income Protection Insurance: A Must-Read Comparison for Australians Making Sense of Income Protection Insurance: A Must-Read Comparison for Australians
When life throws unexpected challenges our way, the assurance of financial stability can be a beacon of hope amidst the uncertainty. For many Australians, income protection insurance is that beacon, safeguarding their livelihood and providing a crucial safety net when they need it most. It's more than just a policy; it's a strategic step towards longer-term peace of mind. - read more
Income Insurance Calculators: A User-Friendly Tool for Adequate Coverage Income Insurance Calculators: A User-Friendly Tool for Adequate Coverage
Income insurance, also known as income protection insurance, is a type of policy designed to provide support in the event that you are unable to work due to illness or injury. In today's uncertain economic climate, securing your income is more critical than ever. It acts as a financial safety net, ensuring that you can continue to meet your living expenses without depleting your savings or facing severe financial hardship. - read more
Illness and Your Finances: Strategies for Continuous Income Flow Illness and Your Finances: Strategies for Continuous Income Flow
When illness strikes, the impact on your finances can be as significant as on your health. Maintaining continuous income flow during such times is crucial for financial stability. - read more


Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Start Here

Life Cover Amount:
Postcode:


All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Term Life Insurance:
A life insurance that provides a cover for a specific period of time - usually one to five years or until the insured reaches age 65 or 70.