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International

Perils raises insured loss estimate for Australia storms by 11%

April 04, 2024 Reprints

Swiss catastrophe data provider Perils AG has increased its insured and reinsured loss estimates for the severe storms that affected eastern Australia through the 2023 Christmas period by 11% to $1.55 billion Australia ($1 billion), Reinsurance News reported. The latest insurance industry loss estimate covers the property and motor hull lines of business.

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Perils raises insured loss estimate for Australia storms by 11%

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