ICA raises loss estimate for 2021 Victoria floods to A$310mn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

ICA raises loss estimate for 2021 Victoria floods to A$310mn

Aisling Finn
08 August 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
ica_insurance_council_australia_flood_logo_2022.png

The Insurance Council of Australia (ICA) has increased its industry-wide loss estimate for the Victoria floods in June last year to A$310.4mn ($216mn), up from a previous A$292mn estimate in March.

Overall, the ICA said there have been 34,300 claims lodged and 93.4% of those claims are now closed.

Next week, the ICA and insurers will be holding in-person meetings in Dandenong Ranges and Yarra Valley to help the remaining claimants...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

News
aisling finn/aisling finn ii ils.png
Aisling Finn
Contact
Gift this article