Suncorp Group Limited (ASX:SUN) says it will cease offering new policies to Roma and Emerald both regional towns in Queensland affected by major flooding in recent years.
The insurer says it has paid out $150 million in claims to both towns but has only generated $4 million in premiums.
Suncorp will not be offering new policies until levies are built.
In the first half of the 2012 financial year, Suncorp posted a net profit of $390 million.
