Aussie flood estimates rise by 28%: ICA

June 2 2022 by InsuranceAsia News Staff

The Insurance Council of Australia (ICA) has raised its estimate for insured losses from the severe flooding that afflicted Queensland and northern New South Wales earlier this year by 28, to AU$4.3 b...

Get full access

To view the full article and get unlimited access to InsuranceAsia News's exclusive insight across 5,000+ articles

Subscribe Now

Take a Free Trial

Already a Subscriber? Please Login

MORE FROM: Flooding

Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
- August 8
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
New Zealand’s climate plan urges development of home flood insurance
- August 4
The country’s first climate adaptation document wants to address affordability of cover.
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
- August 3
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
Swiss Re returns to profit as Australia floods add to US$270m H1 nat cat miss
- July 29
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.

Partner Content

Sedgwick: The impact of the pandemic on handling of MCL insurance claims

A longer claims process and increased cost were some of the challenges faced by insurers.
Guy Carpenter: 2022 Western North Pacific Basin Tropical Cyclone Predictions

Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.

Join the mailing list Receive our regular newsletter, a round-up of the latest news and insights direct to your inbox, and designed to help you stay ahead.

Partner Video