PERILS AG disclosed its second loss estimate of A$633 million (US$449.2 million) for the hailstorms which affected the greater Sydney region on Dec. 20, 2018.
The estimate also includes the losses from the storm activity in southeastern Queensland on Dec. 21 and 22, 2018.
This second estimate compares to the initial loss estimate of A$635 million ($450.7 million) which was issued by PERILS on Jan. 31, 2019. The PERILS loss number covers the property line of business only; losses from motor and other lines of business are not included.
Subscribers to the PERILS Industry Exposure & Loss Database can find further information about the event in the PERILS Portal under the section “Industry Loss.”
Source: PERILS
Related:
Insured Losses from Sydney Hailstorms Estimated at A$635M (US$457.5M): PERILS
Was this article valuable?
Here are more articles you may enjoy.
Death of Irish Teens in Crash Prompts Social Media Warning 
Medical Firm to Build $600M Pharmaceutical Manufacturing Site in North Carolina 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
