Marcia makes Suncorp exceed natural catastrophe provision

cyclone-marcia

Australian financial services group Suncorp has said Cyclone Marcia will cost its insurance arm at least A$120m (£61m).

February's Queensland hurricane pushed Suncorp's natural disaster expenses above its provision of A$595m (£303m) for the financial year ending 30 June 2015 with overall expenses, which includes

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