Saturday, January 15, 2011

insurance company $ 1 billion insurers

Bligh called for insurers to show compassion and flexibility, amid reports some residents faced difficulty with payouts against a damage bill expected to top A$5 billion, with $1 billion of that to be underwritten by insurers.
"It's not in the interests of anyone in our community, including those companies, to stall or delay recovery," said Bligh, whose disaster handling has won wide praise, reviving ruling Labor's flagging hopes of re-election in the state.
Bligh said many Queenslanders had taken out insurance believing they were covered for floods and were now discovering they were not protected.
1 2 Next The flooding, which started before Christmas, continued in other areas of Queensland, with the 6,000 residents of Goondiwindi southwest of Brisbane facing a record flood.
Aerial views of Brisbane showed a sea of brown with rooftops poking out, but the water was receding.
Boats have had to be used in many areas to reach houses, with sofas and fridges floating in filthy water, and residents with no idea when they can return.
"Nobody told me this would become this serious, this terrible," said Su Liu, a Chinese student studying marketing at the University of Queensland.
She had fled her house near the riverside university on Tuesday as water poured into the second floor of her apartment building and was sheltering in an evacuation center.

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