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Suncorp claims hit 10 000

oz-flooding

Suncorp expects to have eroded between A$220m (£137m) and A$240m of retained costs under its aggregate reinsurance programme as a result of the Australian floods, as well as other natural hazard events during 2010.

Australia's government treasurer Wayne Swan has declared the widespread flooding that started almost a month ago as the nation's most expensive natural disaster in history, with analysts suggesting it

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