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International

Suncorp CEO issues warning against government-based disaster insurance scheme

August 05, 2015 Reprints

Suncorp Group Ltd. chief executive Patrick Snowball has issued a warning against the formation of a government-run disaster insurance scheme, reports ABC.

The outgoing Suncorp executive used his final results briefing to warn against federal government intervention. The proposal of a government-run disaster insurance plan has led the insurance sector to improve its image. The latest urging came as Suncorp reported a full year profit of more than a billion dollars.

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Suncorp CEO issues warning against government-based disaster insurance scheme

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