The Christmas Day storms in Melbourne compounded a wretched year of natural disasters for the insurance industry.
Data provided to the ICA by member companies shows they had received 77,174 claims by January 13, with insurance losses estimated at $550.7 million. The ICA declared the storms a catastrophe on December 29, 2011. Losses from the major natural disasters amounted to $4.9 billion, more than double that of 2010.
TOTAL: 265,997 claims lodged at total reserve value of $4.903bn
Follow us on:
When management liability really comes into its own.
A flexible approach to work and study is a winning strategy for broker Gemma Gould.
Key figures from motor fleet insurance share their views on the big issues currently affecting the sector
Australia’s largest insurance broker cluster group, Steadfast, is proposing a public float. What will it mean to the shareholder
members of the currently unlisted private company? We speak to Chairman and CEO Robert Kelly.
Designed by eroomcreative | Engineered for success by EmpireOne
