Perils pegs April storm Seroja loss at A$434mn
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Perils pegs April storm Seroja loss at A$434mn

Samuel Casey
12 July 2021
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Perils has estimated that Tropical Cyclone Seroja, which hit Western Australia in April, will cost insurers A$434mn ($324mn) across property and motor hull lines.

The loss aggregator said the event initially looked set to come in below its event-reporting threshold of A$500mn, but there had been significant claims development in recent weeks and the loss had both local and international coverage.

The

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Samuel Casey
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