Australian floods News

Insured Losses from Australia’s Storms Rise to $41.6M

The Insurance Council of Australia (ICA) has expanded the footprint of the latest insurance catastrophe to include the east coast of Victoria and Tasmania’s northern and eastern coastlines. The declaration increases the insurance claims and losses attributable to the severe …

Australia’s Storms Estimated to Cost Insurers $28 Million: Insurance Council

The Insurance Council of Australia (ICA) has declared an insurance catastrophe after the storms that pounded the east coast of Queensland and New South Wales (NSW) over the weekend. By Monday, June 6, insurers had received more than 11,150 claims …

Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake

Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty insurer’s initial loss estimate “related to the earthquake which occurred in …