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 …
Losses from wildfires that destroyed more than 100 homes along a popular tourist stretch in southeastern Australia more than doubled in two days to A$53 million ($38 million) and are expected to climb further, the Insurance Council of Australia said. …
The Insurance Council of Australia (ICA) has declared a Catastrophe for areas of Victoria’s Great Ocean Road region affected by Christmas Day bushfires. ICA CEO Rob Whelan said the declaration enabled the insurance industry to escalate its response to assist …
The Insurance Council of Australia (ICA) has declared a catastrophe after storms struck New South Wales, in particular Sydney’s eastern and southern suburbs. The ICA’s bulletin notes that the “storms brought wind in excess of 200kmh [124 mph], heavy rain …
The Insurance Council of Australia (ICA) announced that insurance losses from claims following from storms in April and May at A$1.551 billion [US$1.208 billion], as a series of severe storms hit eastern Australia. The ICA said its “member companies have …
Thousands of claims, lodged from SE Queensland and Northern NSW storms, have now been declared catastrophes – the 5th such declaration this year – by the Insurance Council of Australia (ICA). Most of the insured damage was “caused by heavy …
Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process. Insurance Council of Australia CEO Rob Whelan said assessors were visiting policyholders where they could gain access, though many areas were still …
The Insurance Council of Australia (ICA) this morning declared a catastrophe for storm-affected parts of New South Wales [NSW], in particular the Central Coast, Hunter, Greater Sydney Metropolitan and Illawarra regions. The ICA said that “as of 7am insurance companies …
