The ongoing recovery process in Tasmania from the June 2016 flooding includes flood and insurance forums with representatives of ICA, Legal Aid, the Financial Ombudsman Service and relevant insurance companies in attendance.
On 14 July the estimated value of claims stood at $337,037,670 (68% domestic, 32% commercial) with 43,243 claims lodged out of which 26,317 were residential building claims and 31% have been processed. 9,197 were content claims out of which 33% have been closed and 3,217 were domestic motor claims out of which 38% have been processed.
Tasmania flood in Huon Valley worst in 20 years
The low lying Huon Valley in Tasmania is experiencing its worst flooding in 20 years prompting its Mayor Peter Coad to call for a more permanent fix to combat the next flood. He said the community needed to be prepared for the likelihood of more recurrent and extreme flooding due to climate change and the town being set at sea level.
The Insurance Council of Australia (ICA) has offered to make its disaster experts available to advise Huon Valley Council on ways to protect residents from future flooding. “The ICA can provide technical expertise to Huon Valley Council, and guidance on the potential implications of mitigation measures, such as flood levees,” ICA CEO Rob Whelan said.
“Flood mapping held by the ICA shows more than 50 land parcels in Huonville are exposed to some degree of flood risk. Across the whole of Tasmania, the number rises to more than 77,000.
“Permanent, well-maintained infrastructure is an investment that will be repaid many times over by lowering the risk to communities, helping ensure economic stability, and reducing the need to spend tens of millions of dollars on natural disaster recovery.
“Lowering the risk of flood can also help to reduce the cost of insurance to households and businesses.”
Mr Whelan said Huon Valley residents needed only to look at the success of Launceston’s levee in shielding that community from severe flooding last month to see the value of investigating similar measures.