Australia bushfires News

Insurance Council of Australia Declares Catastrophe for New South Wales Bushfires

The Insurance Council of Australia (ICA) on Nov. 9 declared a catastrophe for the bushfires blazing in northern New South Wales. The catastrophe declaration is for communities on the mid-north coast affected by bushfires that have reportedly destroyed more than …

Australia Braces for Another Week of Devastating Bushfires

Australia is bracing for another week of devastating bushfires, with swaths of the eastern seaboard and even areas of greater Sydney facing a “catastrophic” threat that’s unprecedented at this time of year. It’s the first time authorities have set the …

Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon

Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report. The storm made landfall in Japan’s Iza Peninsula …

Australia Faces More Severe Cyclones, Wildfires, Floods as Climate Warms: IAG

Australia faces the prospect of more severe cyclones, wildfires and floods as the climate warms, the nation’s largest insurer said. A 3 degree Celsius increase in global temperatures will lead to higher intensity cyclones moving further south, longer bush fire …

Eastern Australia Wildfires Destroy Up to 30 Homes

About 500 firefighters were battling out-of-control wildfires in eastern Australia that have destroyed up to 30 homes. More than 40 bushfires were burning across New South Wales state. Temperatures were cooler Wednesday after strong winds and stifling heat restricted firefighting …

Wildfires Threaten Towns in Rural Southeast Australia

More homes were being threatened Tuesday [March 5] by wildfires that have burned dozens of homes and buildings in rural southeast Australia. Victoria state Emergency Management Commissioner Andrew Crisp said emergency warnings were issued for the towns of Dargo and …

Australia Sweltered in January Through Hottest Month on Record

Australia sweltered through its hottest month on record in January and the summer of extremes continued with wildfires razing the drought-parched south and flooding in expanses of the tropical north. Australia’s Bureau of Meteorology confirmed the January record on Friday …

Wildfires in Southeast Australia Destroy More Than 70 Homes, Kill Livestock

More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south of Sydney, causing the blaze …

Insured Losses from New South Wales’ Bushfires & Hailstorms Pass US$53.7M

Combined losses from the two New South Wales catastrophes of bushfires and hailstorms, have passed A$70 million (US$53.7 million), according to the Insurance Council of Australia (ICA). As of Feb. 20, insured losses for the NSW bushfires had reached A$28.5 …

NSW Bushfires to Cost Insurers at Least US$15.3M: Insurance Council

The Insurance Council of Australia (ICA) has declared an insurance catastrophe for bushfires that have destroyed homes, stock and other assets across New South Wales, providing an initial insured loss estimate of at least A$20 million (US$15.3 million). That figure …