Queensland floods

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THE NEWS WRAP: Summer disasters increase reinsurance costs

2:14AM | Monday, 18 February 2013 |  Summer disasters, including floods in Queensland and bushfires in Tasmania, have led to Australia being re-rated on reinsurance markets.

THE NEWS WRAP: Insurers take $674 million hit on summer disasters

2:16AM | Tuesday, 12 February 2013 |  Australia’s leading insurance companies have received more than 65,000 claims as a result of cyclones, floods and bushfires over summer, with the total bill estimated at $674 million.

THE NEWS WRAP: Queensland Government could face claims from flood-ravaged businesses

8:10AM | Tuesday, 2 August 2011 |  The Queensland Government could face compensation claims from businesses damaged by the state’s widespread floods earlier this year.

THE NEWS WRAP: Australia set for negative economic growth in the March quarter

5:14AM | Tuesday, 31 May 2011 |  Australia is set for negative economic growth in the March quarter following a surprise fall in company profits.

Consumers ultra-conservative despite growth

3:32PM | Tuesday, 15 March 2011 |  Consumers have continued their caution in spending and borrowing, despite strong growth in national income, according to the Reserve Bank of Australia.

Retailers face slow recovery: Report

3:46PM | Wednesday, 9 March 2011 |  A new report shows retail sales are expected to continue to track slowly in the first half of 2011 but businesses can anticipate better conditions from mid-2011 onwards.

Floods dampen CEOs’ confidence for 2011

2:00AM | Wednesday, 23 February 2011 |  The recent spate of natural disasters has dampened the confidence of business chiefs, with the latest CEO Institute Business Confidence Index recording a fall from 45 to 39 over the last quarter.

Retail sales set to pick up in 2011

2:17PM | Friday, 18 February 2011 |  Economists have predicted an upturn in consumer spending despite a key indicator of retail sales recording its 13th consecutive monthly fall in January.

Insurance premiums set for modest rises

2:40PM | Monday, 14 February 2011 |  Businesses will not be overly affected by insurance premium hikes in the wake of the Queensland floods, according to new research.

Queensland small firms set for $500m assistance

2:00PM | Thursday, 10 February 2011 |  A Gold Coast-based niche funds manager has established an investment vehicle to raise $500 million from APRA superannuation funds to assist Queensland SMEs affected by floods and Cyclone Yasi.
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