Queensland and NSW flood losses rise A$500mn to A$4.8bn
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Queensland and NSW flood losses rise A$500mn to A$4.8bn

Luke Harrison
28 June 2022
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Aerial drone view entire Neighborhood under water near Austin , Texas

The Insurance Council of Australia (ICA) has hiked its loss estimate for the floods that swept through south-east Queensland and northern New South Wales (NSW) in late February and early March to A$4.8bn ($3.3bn) in insured damages.

This is up A$500mn from the ICA’s prior estimate released almost a month ago, and in line with the A$4.9bn

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Luke Harrison
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