Southeast Queensland and NSW flooding claims rise 28% with costs hitting A$1.3bn
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Southeast Queensland and NSW flooding claims rise 28% with costs hitting A$1.3bn

Luke Harrison
07 March 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
sign signal australia flood disaster rain road street tropics river water

Claims stemming from the flooding that hit southeast Queensland and New South Wales in Australia have risen by 28% from Friday’s claims count, with estimated current claims costs now standing at A$1.3bn ($1bn), according to the Insurance Council of Australia (ICA).

The ICA said it has now received 86,703 claims relating to the floods, while the 28% increase on Friday’s claims count is driven by a 49% increase in the number of claims from New South Wales as policyholders return...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

News
Luke_Harrison.png
Luke Harrison
Reporter
Gift this article