ICA escalates Australia floods to ‘insurance catastrophe’
October 19 2022 by Mithun Varkey
MORE FROM: Flooding
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NSW ‘black nor’easter’ storms declared significant event as claims top 11,500: ICA
- April 10
Suncorp, which received 2,700 claims, and IAG, with 3,100 claims, have said that almost 80% of the losses are coming from property damage.
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Eastern Australia hunkers down as threat of ‘blue sky flood’ continues
- April 8
After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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Australia’s east coast prepares for floods as major rain event sets in
- April 4
The BOM has issued flood watches for Queensland and New South Wales, with rainfall of up to 200mm likely by the weekend.
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New normal of US$100bn annual nat cat losses calls for greater resilience
- April 4
The pace of the widening protection gap for natural catastrophes is increasing, and Swiss Re has urged for meaningful climate adaptation and resilience programs
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