Australia’s 4 Summer Natural Disasters Cost Insurers More Than US$3.44 Billion May 28, 2020 The cost of insurance claims from four natural catastrophes during Australia’s 2019-2020 summer has passed A$5.19 billion (US$3.44 billion), said...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...
Insured Property Losses from Australia’s Townsville Floods in 2019 Hit A$1.24B: PERILS February 11, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final property loss estimate...
Australian Insurers Declare Catastrophe for Losses from East Coast Flooding February 10, 2020 The Insurance Council of Australia (ICA) has declared a catastrophe for property losses caused by storms and flooding along the...
Property Loss Estimate for Australia’s Townsville Floods Rises to A$1.22B: PERILS August 12, 2019 The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb....
Loss Estimate for Australia’s Townsville Flood Rises to A$1.041 Billion: PERILS May 10, 2019 Insured property losses for floods that affected northern Queensland, Australia, and in particular the city of Townsville, have risen to...
Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS March 18, 2019 Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are...
Australia Floods Cost Insurers US$635M in February: Aon’s Catastrophe Recap March 8, 2019 Australia’s Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635...
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon February 11, 2019 Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according...
Insurance Council of Australia Declares Catastrophe for Queensland Floods February 4, 2019 The Insurance Council of Australia (ICA) declared a catastrophe for insurance policyholders who have been affected by torrential rain and...