Suncorp chief executive Steve Johnston had plumbing on his mind on Monday – inside his own business, and in the walls of Australia’s homes.
As every household knows only too well, insurance premiums continued to climb in the 2024 financial year – up 16.2 per cent for motor vehicles, and 10.3 per cent for homes – but Johnston says the cost of meeting claims is gradually moderating, in line with broader inflation.
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