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Few flood insurance claims filed in Queensland despite massive cattle losses and damage, as high costs deter coverage.
Few insurance claims have been filed after floods in northwest Queensland, despite tens of thousands of cattle lost and widespread damage, as many farmers—including major operators like the Australian Agricultural Company—lack flood coverage due to high costs and difficulty insuring mobile livestock.
Rising premiums nationwide stem from more frequent floods, inflation, and higher asset values.
Federal MP Bob Katter, a former insurer, supports public investment in dams to reduce flooding and boost irrigation, arguing such projects could pay for themselves.
Meanwhile, Rural Aid and WFI Insurance are distributing emergency hay and mental health support, though road closures are delaying aid.
Pocas reclamaciones de seguro contra inundaciones presentadas en Queensland a pesar de las pérdidas y daños masivos del ganado, ya que los altos costos impiden la cobertura.