Posted by Robert Cooper on Sep 24 2013

Removal of Embargo in Roma (4455)

Vero, as part of the Suncorp Group believes flood mitigation infrastructure is essential to ensure insurance premiums can remain affordable in western Queensland.

• Last year we made the decision to stop writing new business in Emerald (4720) and Roma (4455) until local councils could guarantee that adequate flood mitigation would be put in place.
• A significant milestone has now been reached in improving flood mitigation in Roma with construction of a levee underway. As a result we will start writing new business for Home and Contents in Roma (4455) from 24 September 2013, using existing risk levels to price premium.
• Once the levee in Roma is completed we will reassess the flood risk of properties in the town and adjust premiums accordingly.
•  We continue to work with government at all levels to ensure appropriate flood mitigation for Emerald (4720). Until this time, we will continue to not write new business in Emerald.