NSW flooding loss tally reaches A$5.9bn: ICA
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

NSW flooding loss tally reaches A$5.9bn: ICA

Aisling Finn
05 October 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
airplane fly on the blue painted map

The combined insurance bill for La Niña east coast storms in 2021 and 2022 and flooding has reached A$5.92bn ($3.83bn), with more than 296,000 claims lodged, according to figures released by the Insurance Council of Australia (ICA).

In the last ICA update, there had been 230,000 claims totalling A$5.1bn ($3.6bn), with the number of claims split equally across Queensland and New South Wales (NSW).

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses
aisling finn/aisling finn ii red.png
Aisling Finn
Reporter
Contact
Gift this article