Insurance Review

Insurance Review

Insured flood losses hit $5.13m: ICA

The Insurance Council of Australia’s (ICA) latest data released Friday (July 29) show insured losses at $5.13m from the February-March floods have passed Cyclone Tracy’s in 1974, making it Australia’s second most costly extreme weather event – just shy of the 1997 Sydney hailstorm, which caused $5.57m in insured losses.

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