Insured losses from Queensland flood rise: Perils
Reprints
Perils AG has increased its estimate of property insured losses for a flood event in northern Queensland, Australia, to AU$1.04 billion ($726.8 million).
The insured loss estimate for the flooding, much of which occurred in the city of Townsville between Jan. 26 and Feb. 10, was raised from an initial estimate of AU$957 million issued by Perils on March 15, the Zurich-based catastrophe loss data company said Friday in a statement.
An updated estimate of the market loss will be made available on Aug. 12.
Read Next
-
Insured losses from Sydney storm estimated at $460 million: Perils
Perils AG on Thursday estimated insured losses from December hailstorms in Sydney and surrounding areas at AU$635.0 million ($460.3 million).
Related Stories
-
Insured losses from Sydney storm estimated at $460 million: Perils
-
-
Insured loss estimate for Australian hailstorms lowered: Perils
Most Read in Risk Management
-
5. Aon, seeking EU nod on Willis bid, offers to sell assets: Source
-
6. Lloyd's sees big loss from Suez Canal blockage; reports results
