Suncorp’s outgoing chairman delivers parting shot on climate action

Christine McLoughlin, who retired as chairman of Suncorp after the company’s annual shareholder meeting on Thursday, says the insurance industry and the broader economy face a challenging and uncertain climate future that will require a collaborative response across all parts of society.

The government’s National Climate Risk Assessment, published last week, projected that national disaster costs for floods, bushfires, storm surges and tropical cyclones could total $40 billion annually by 2050, and property values could take a $611 billion hit by the same year.

Source: https://www.afr.com/companies/financial-services/suncorp-s-outgoing-chairman-delivers-parting-shot-on-climate-action-20250923-p5mxdf