Insurance For Trades :: 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

Queensland's Persistent Flood Woes: A Call for Resilient Rebuilding?w=400
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

Queensland's Persistent Flood Woes: A Call for Resilient Rebuilding Queensland's Persistent Flood Woes: A Call for Resilient Rebuilding
05 Feb 2025: Paige Estritori

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. - read more
ACCC Scrutinizes Major Motor Insurance Mergers ACCC Scrutinizes Major Motor Insurance Mergers
05 Feb 2025: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has opened a detailed examination into significant mergers in the motor insurance market. The acquisitions under review include Insurance Australia Group's (IAG) endeavor to acquire RACQ Insurance and Allianz Australia's agreement to purchase RAA Insurance. - read more
Urgency in Financial Reform: A Call for Swift Action Urgency in Financial Reform: A Call for Swift Action
04 Feb 2025: Paige Estritori

Christine Cupitt, CEO of the Council of Australian Life Insurers, has strongly expressed the urgent need for rapid legislative reform in financial advice. With an upcoming election threatening to stall legislation, time is of the essence to ensure timely implementation. - read more


Latest Financial Articles

Insurance Essentials: Protecting Your Small Business with Public Liability Coverage

05 Feb 2025 | Running a small business in Australia comes with its own set of challenges and risks. One crucial aspect that should never be overlooked is insurance, particularly public liability insurance. The reason is simple: it offers essential protection against claims of property damage or personal injury caused by your business operations.

Business Insurance Essentials: What Every Australian Entrepreneur Should Know

05 Feb 2025 | Running a business comes with its fair share of risks and challenges. From natural disasters to employee injuries, there's a lot that can go wrong. This is why having the right business insurance is crucial for any Australian entrepreneur.

Top 5 Reasons to Consider Life Insurance While You're Young

05 Feb 2025 | When you’re young, life is all about new experiences and making plans for a promising future. While factors like travel, career, and relationships often take centre stage, one aspect often overlooked is life insurance. It might seem like something to consider later in life, but starting a policy while you're young can be a savvy financial move.