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.
‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
Baldwin Group to Buy CAC Group for About $1B in Cash and Stock 
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think 
