Torrential Rain Brings More Flooding to Sydney, Forcing Thousands to Evacuate July 5, 2022 By Angus Whitley Thousands of people on the outskirts of Sydney were told to leave their homes or prepare to evacuate as days...
Insurance Price Tag for Australia’s Record-Breaking Floods Estimated at A$3.35B: ICA May 6, 2022 The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to...
Insured Losses From Eastern Australia Floods Estimated at A$4B: PERILS April 21, 2022 Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
Update: Heavy Rains Deluge Australian Towns for 2nd Time in a Month March 30, 2022 By Renju Jose Heavy rains deluged Australia’s east coast on Wednesday, submerging entire towns, while thousands of people fled their homes for the...
March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS March 28, 2022 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate...
Climate Change Is Making Australia a More Difficult Place to Live: Prime Minister March 9, 2022 By Ben Westcott and Sybilla Gross Australia’s Prime Minister Scott Morrison conceded that a changing climate is making the country a more difficult place to live...
Sydney Faces ‘Tough 24 Hours’ as Floods Force Evacuations March 8, 2022 By Renju Jose Flood warnings stretched across Australia’s east coast on Tuesday and tens of thousands of Sydney residents fled their homes as...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising March 4, 2022 Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and...