A bulletin from Australia’s Insurance Disaster Response Organisation (IDRO) notes that claims from Cyclone Larry, which devastated parts of Northern Queensland last month (See IJ Website March 21 and updates) have now reached A$350 million (U.S.$255.8 million).
IDRO said that the country’s insurers had so far received 18,000 claims.
Topics Claims
Was this article valuable?
Here are more articles you may enjoy.
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD 
Private Equity Firms Expected to Unleash Middle-Market M&A Deals, Survey Says 
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling 
