Australian catastrophe claims rise to $1.7 billion
Posted On: Apr. 18, 2019 6:15 AM CSTThe Insurance Council of Australia said that recent catastrophes have caused about $2.4 billion Australia ($1.7 billion) in insured losses, exceeding initial loss estimates, Artemis.bm reports. The council said that the hailstorm which struck Sydney on Dec. 20, 2018, caused about $1.2 billion in insured losses, the Queensland floods' insurance tab rose to AUD 1.1 billion and the Bunyip bushfires caused nearly AUD 20 million of losses.