Farm Insurance :: News
SHARE

Share this news item!

North Queensland Faces Swift Response Amid Devastating Floods

North Queensland Faces Swift Response Amid Devastating Floods

North Queensland Faces Swift Response Amid Devastating Floods?w=400
North Queensland is grappling with severe floods due to torrential rains, prompting the Insurance Council of Australia (ICA) to declare the situation a significant event.
The worst-hit regions include Townsville and Ingham, where the impact has been profound.

The deluge has already caused chaos in these northern parts of Queensland, with more hazardous conditions expected in the coming days. "The volume and intensity of this weather has already caused damage across parts of northern Queensland, with the risk of flash flooding expected to continue," remarked ICA CEO Andrew Hall.

Insurers are keen on providing swift assistance to affected communities. Hall emphasized, "Insurers understand the impact of these extreme weather events and will move quickly to ensure communities receive the assistance they need as soon as possible. We are working with the Queensland authorities and will keep the community updated as situations evolve."

Emergency services evacuated Townsville suburbs, and the Bruce Highway's Ollera Creek Bridge was destroyed by floods. Alert levels for the Ross and Herbert rivers remain high, while over 100 schools have shuttered due to the crisis.

The Bureau of Meteorology reported unprecedented rainfall, with senior meteorologist Matthew Collopy stating, "The heavy rainfall we have seen over northern Queensland over the past week has been extreme." Certain areas recorded rainfall exceeding 1200mm, with Rollingstone receiving 1286mm in just a week.

The severe weather has been attributed to a weakening low-pressure system, although the threat of localized heavy rain remains. "We remain prepared for the ongoing prospect of more rain and the likelihood of more flooding," noted Queensland Premier David Crisafulli.

If claims rise significantly, ICA might escalate the situation to an insurance catastrophe. The affected regions range from Townsville and Ingham to Cardwell, all included under the current significant event declaration. This decision follows insights gathered from the original article from ICA's announcement.

RACQ reported receiving 76 claims by early morning, a figure expected to grow as locals assess the damage. Major insurers, such as Suncorp, IAG, and RACQ, have activated response teams to provide immediate relief to their policyholders.

Victoria also faced severe weather conditions, with thunderstorms causing havoc, particularly in Geelong amid an ongoing heatwave. The city council detailed the aftermath: "We saw flash flooding, hail and wind damage, and widespread power outages with over 90 trees coming down across Geelong." Response efforts are ongoing as teams assess and prioritize repairs.

The Victorian State Emergency Service confirmed receiving 770 help requests within 24 hours, highlighting incidents of fallen trees and building damage. Geelong's vicinity experienced the majority of these calls, with units in South Barwon and Corio among the busiest.

Published:Monday, 3rd Feb 2025
Source: Paige Estritori

Share this news item:

Insurance News

NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
05 Oct 2025: Paige Estritori
In a significant shift within the Australian insurance landscape, NRMA has announced its withdrawal from the farm insurance sector, ceasing the sale of new policies as of July 1, 2025. This decision leaves many farmers seeking reliable alternatives to safeguard their livelihoods. - read more
Diversification Drives New Insurance Needs for Australia's Small Farms
Diversification Drives New Insurance Needs for Australia's Small Farms
26 Sep 2025: Paige Estritori
In the evolving landscape of Australian agriculture, small commercial farms are increasingly diversifying their operations to enhance income and sustainability. This shift, while offering economic benefits, introduces new complexities in risk management and insurance coverage, presenting both challenges and opportunities for insurance brokers. - read more
Satellite Technology Revolutionizes Crop Insurance for Australian Farmers
Satellite Technology Revolutionizes Crop Insurance for Australian Farmers
26 Sep 2025: Paige Estritori
In a significant advancement for Australian agriculture, Insurance Facilitators (IF), a family-owned underwriting agency, has introduced a data-driven crop insurance solution leveraging satellite technology. This innovative approach aims to address longstanding challenges in the industry, including premium leakage and risk accumulation, by providing more accurate and efficient risk assessments. - read more
ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Comparisons
ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Comparisons
25 Sep 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more
Surge in Farm Impact-Related Claims Raises Safety Alarms
Surge in Farm Impact-Related Claims Raises Safety Alarms
25 Sep 2025: Paige Estritori
WFI Insurance has reported a significant 44% increase in farm impact-related claims over the past year, marking the highest level in four years. This surge includes incidents such as vehicle crashes and crush injuries, with approximately 1,800 claims related to farm vehicle accidents, including those involving quad bikes and side-by-side vehicles (SSVs). Many of these incidents have resulted in severe injuries, including fractures and head trauma. - read more
Rising Insurance Premiums for Farm Machinery Amidst Increasing Extreme Weather Events
Rising Insurance Premiums for Farm Machinery Amidst Increasing Extreme Weather Events
25 Sep 2025: Paige Estritori
Australian farmers are grappling with a significant rise in insurance premiums for farm machinery, driven by the increasing frequency and severity of extreme weather events. Some farmers have reported that their insurance bills have more than doubled over the past few years, with annual premiums exceeding $100,000. - read more



Farm Insurance Articles

The Ultimate Guide to Affordable Farm Insurance for Australian Farmers
The Ultimate Guide to Affordable Farm Insurance for Australian Farmers
Welcome to 'The Ultimate Guide to Affordable Farm Insurance for Australian Farmers.' As stewards of the vast Australian countryside, farmers face an array of unique challenges and risks. Every day, they grapple with the forces of nature, the volatility of the markets, and the complexities of modern agricultural operations. - read more
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
The agricultural sector in Australia carves a significant portion of the country's economy, contributing to its GDP and providing employment across rural and suburban areas. Thus, navigating the complexities of agribusiness is not just a matter of crop cultivation and livestock management, but also of understanding the intricate web of liability risks that come with the terrain. - read more
Is Your Farm Under-Insured? Tips for Assessing Bushfire Insurance Adequacy
Is Your Farm Under-Insured? Tips for Assessing Bushfire Insurance Adequacy
The threat of bushfires looms large over the vast expanses of rural Australia, shaping the reality of farming in this sunbaked landscape. The risk, always present, escalates as the climate warms and dry conditions persist. It's not a matter of if, but when the land will be tested by fire's wrath. In this environment, the armor of insurance isn't just recommended; it's critical for survival. - read more
Investing in Cybersecurity: A Crucial Step for Sustainable Farming
Investing in Cybersecurity: A Crucial Step for Sustainable Farming
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. In the context of agriculture, it involves safeguarding the digital solutions and technologies that have become intrinsic to modern farming operations. As technological advancements continue to revolutionize the farming landscape, the importance of cybersecurity in securing farm data and operations has become more pronounced. - read more
Secure Your Farm's Future: Understanding the Importance of On-Farm Risk Assessment
Secure Your Farm's Future: Understanding the Importance of On-Farm Risk Assessment
In the ever-evolving landscape of modern agriculture, the security and stability of a farm hinge on thorough preparation and strategic foresight. A pivotal component in safeguarding a farm's future lies in the critical role of on-farm risk assessment. This process provides a structured approach to identifying potential risks that could affect a farm's operations, financial health, and overall sustainability. - read more
Understanding Farm Equipment Insurance: What Rural Australians Need to Know
Understanding Farm Equipment Insurance: What Rural Australians Need to Know
Farm equipment insurance is crucial for rural Australians who rely on their machinery for agricultural productivity. This insurance provides a safety net, helping to mitigate the financial risks associated with equipment loss or damage. - read more

Need a Quote?
Start your free farm insurance quote comparison here.
Farm Type:
Postcode:
All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Professional indemnity:
An insurance that provides cover for liability incurred in the course of exercising a profession.