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This is down from the one-in-400-year benchmark used previously. -
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The insurer predicts there will be some release from its provision, but it will happen over time and is subject to court proceedings.
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BMS’s Andrew Siffert said losses from US winter-related storms and thunderstorms are likely to arrive at a below-average figure for Q1.
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The earthquake on Wednesday night caused power cuts for more than 2.2 million homes.
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The home and auto carrier has received around 5,000 claims so far.
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The earthquake was 250 times less strong than the 2011 Tohoku disaster.
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Ceded premiums earned were also up by 27.7% due to new quota share agreements.
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The carrier lifted its estimated net natural hazard costs for the year by A$25mn to A$1.1bn.
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The claims count from New South Wales rose by 12% over the weekend.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
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