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There are now 26 active incidents across the state due to heatwave conditions and sustained winds.
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The country’s economy minister predicts the 2,500 claims received so far could quadruple to 10,000.
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A fire tornado is formed when rising heat combines with turbulent wind conditions, creating towers of flame and ash.
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The February storm was the 13th notable event in a very active European windstorm season.
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The case is being heard on an expedited basis, with policies from Hollard and HDI Global Specialty used as exemplars.
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The updated total of A$958mn ($675mn) includes additional property and motor damages.
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HDI Global Specialty drives premium growth in the division.
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Losses from severe convective storms in the US were the highest since the first half of 2011.
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The bill from the February storm, which hit Germany the hardest, was previously estimated at EUR1.55bn.
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Loss estimates outstrip early expectations.
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The broker highlights industrial and commercial buildings as the likely source of international property market exposure.
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Despite being Category 1 at landfall, Isaias caused storm surges from South Carolina to New York.
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