IAG welcomes $50 million for flood mitigation

IAG welcomes $50 million for flood mitigation

IAG today welcomed the Federal Government’s announcement of a further $50 million to help protect communities from flooding.

State and territory governments will be able to apply for funding to build or improve essential infrastructure flood mitigation initiatives such as levees, levee systems and flood plain restoration to reduce the impacts of major floods on communities.

IAG Managing Director and CEO Nick Hawkins said the current impact of flooding on communities across large areas of regional New South Wales and Queensland highlighted the importance of greater investment in flood mitigation.

“Our priority is helping our customers impacted by the heavy rain and flooding across regional NSW and Queensland and our teams are undertaking emergency make-safe repairs, assessments and providing emergency accommodation if required,” Mr Hawkins.

We welcome the additional funding from the Government, and we will continue to share our flood data and severe weather expertise to help identify viable flood mitigation projects across the country to help protect vulnerable communities.

Nick Hawkins

IAG Managing Director and CEO

“Flooding is one of the biggest natural disaster risks faced by the nation, and on top of that, we know we’re in for a wetter than usual summer and that severe weather will increase with climate change, so it’s critical we prioritise identifying and investing in flood mitigation projects.

“We welcome the additional funding from the Government, and we will continue to share our flood data and severe weather expertise to help identify viable flood mitigation projects across the country to help protect vulnerable communities,” Mr Hawkins said.

Since Thursday 25 November 2021 IAG has received more than 400 claims due to the heavy rain and flooding that has impacted New South Wales and Queensland.

IAG’s assessors and builders are on the ground supporting customers and our teams will move into the worst flood-affected areas as soon as it is safe to do so.

We encourage all impacted customers to lodge their claims as soon as possible so we can provide immediate support.

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