Suncorp Group Limited
(ASX:SUN) has announced it has received about 11,000 claims for natural hazard events, including the Sydney hailstorm, over the past eight months.
The bank estimates the financial impact of the event will be between $150 and $170 million.
As a result, its total natural hazard claim costs for the eight months to 28 February 2017, are estimated to fall between $610 and $630 million.
The group says it remains protected for the 2017 financial year, against further natural hazard events, as it has a catastrophe program and additional natural hazard protection.
Suncorp Group Limited
(ASX:SUN) says within hours of the hailstorm, the company quickly established hail assessment centres at key locations along the storm path. That enabled Suncorp to assess more than 650 affected cars every day.
Suncorp Group Limited
(ASX:SUN) reported net profit after tax of $537 million for the half year to 31 December 2016.
