Jim Chalmers delivers stern warning to insurance companies after devastating floods

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Treasurer Jim Chalmers has delivered a stern warning to insurance companies after hearing reports of a farmer being told there would be no payout from disastrous floods as the devastating weather was not labelled a cyclone.

“Our message from all three levels of government to the insurers is very clear – do the right thing by your customers,” Mr Chalmers said during a media conference on Tuesday.

“People have been through hell in some of these communities.

“Hosing out homes, throwing away a lifetime of belongings, being in physical danger – the last thing that people need is insurance companies stuffing them around.

“So that is very clearly the message from all of us; do the right thing by all your customers.”

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