Mayor fumes at insurance industry
AN OUTRAGED Ipswich Mayor has issued a dire warning to insurers who fail to look after flood victims: “We will remember you.”
Paul Pisasale took his message to national television last night on A Current Affair, saying that he hoped he could convince insurance companies to show more compassion to flood victims.
He said he was aware of only two companies which had “reacted quickly” and contributed positively to the disaster.
“The others have caused problems by not answering people's questions,” Cr Pisasale said.
“I know of a bloke in Tivoli, whose insurance company will only agree to pay 15 per cent because it was the wrong type of flooding.
“They've come up with every excuse in the book when what people need now is answers.
“People are being left in limbo.”
Insurance companies have been on the receiving end of more than 31,000 claims, worth $1.2 billion, since floods hit Queensland.
The Insurance Council of Australia (ICA) said claims came from the Lockyer Valley, Ipswich, Toowoomba, Brisbane and regional Queensland..
About 76 per cent of the claims were for property and 24 per cent for damaged motor vehicles.
Despite the large volume of claims, the ICA has assured the public that the country's tough regulatory framework would ensure insurance companies can keep up with demand.
Cr Pisasale said Australians would judge insurers on the way they reacted to the disaster.
“It's D-Day for insurance companies,” he said.
“Australians have long memories and if the Federal Government doesn't sort these insurance companies out, I'm sure the people will.”