Perils lowers Queensland, NSW March flood loss to A$916mn
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Perils lowers Queensland, NSW March flood loss to A$916mn

Samuel Casey
24 June 2021
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Perils has cut its loss estimate for the floods that hit the Australian states of New South Wales (NSW) and Queensland in March by over $100mn to A$916mn ($694mn).

The loss aggregator had last month pegged the loss at A$1.06bn. It said the new estimate includes losses to the property and motor hull lines of business, and is based on loss data collected from the majority of the...

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