Victoria earthquake claims rise to A$147m: ICA
October 7 2021 by InsuranceAsia News Staff
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Asia accounts for 40% of nat cat economic losses in Q1: Gallagher Re
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Driven by the Noto Peninsula earthquake, Asia had US$17bn in losses for the first three months of the year, making it the only region with above-average Q1 losses.
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While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
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The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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