Victoria floods cost near $108 million
Reprints
The Insurance Council of Australia said that insurers had received more than 15,700 claims for the storm and floods that affected the Australian state of Victoria on June 9 with an estimated $144 million Australian ($107.7 million) in insured damages so far, Reinsurance News reported. Claims are expected to increase further as the ICA has declared the flooding and storm as a catastrophe event.
