
Suncorp Insurance has left residents of Emerald and Roma in the lurch after it announced it would refuse all new insurance policies to householders in the region. No other insurers offer policies in the area.
The small Queensland towns were hit hard by floods in recent years. Suncorp said on May 7 no new policies for home and contents insurance would be offered until flood mitigation works, including flood levees, are built around the two towns. Premiums for existing policy holders are due to rise dramatically.