ICA declares insurance catastrophe over Victoria floods
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ICA declares insurance catastrophe over Victoria floods

Flood waters, Northern New South Wales, Australia
Photo: Alamy

An insurance catastrophe has been declared in the Australian state of Victoria following a spell of damaging storms and flooding last week.

Major flooding in the state has left tens of thousands without power or telecommunications, with the most significant impact felt in Gippsland and the Yarra Ranges.

Under

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