The Insurance Council of Australia (ICA) has declared a catastrophe for areas of North Queensland affected by this week’s storms, primarily the...
Storms
Increase in extreme fire weather ...
Extreme fire weather conditions in Australia are worsening and rainfall is reducing in some areas says new report. The Australian Bureau of...
East Coast low claims rise to $4 ...
Insurers are continuing to monitor claims coming out of the East Coast Low that hit Queensland, NSW, Victoria and Tasmania in June....
Profits halved by storms
Insurers have experienced a dramatic 49.4% drop in profits, with annual industry data reporting a $2.36 billion gap caused by claims from weather events.