Insurers are expected to increase premiums as part of efforts to claw back more than $3 billion in payouts from a string of natural disasters in the past two years.

Home and business owners in Queensland’s flood zones are set to feel the brunt of rises as big insurers become more discriminatory with their pricing.

General insurers have paid out billions of dollars in claims since the start of 2009, in disasters ranging from Victoria’s bushfires to freak hailstorms. Continue reading Insurance premiums to rise to cover payouts →