Claims and losses

insured-losses-from-ex-tropical-cyclone-alfred-estimated-at-up-to-a2-5bn

JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn

March 19 2025

The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.

ica-opens-eoi-process-to-support-post-tc-alfred-recovery-efforts

Claims data suggests Cyclone Alfred 'not as significant as first feared': ICA

March 17 2025

Number of claims has reached over 63,000 as of Monday.

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Insurance losses hit A$164m for North Queensland floods

March 14 2025

Insurance Council of Australia reports that 7,600 claims have now been lodged.

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Aon projects Cyclone Alfred insurance losses of at least hundreds of millions of Aussie dollars

March 13 2025

Alfred's unusual path and slow movement result in severe flooding and record rainfall.

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Claims from Cyclone Alfred continue to rise, now exceeding 22,000

March 11 2025

Claims from NSW likely to spike as residents return to assess damage.

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Cyclone Alfred: S&P predicts insurance losses could top A$2bn

March 5 2025

Path and strength of cyclone remain uncertain, but insurance industry is well placed to weather loss of A$2bn (US$1.25bn), rating agency says.

“Unprecedented” Saltoro cherry loss may shake up cargo coverage limits

February 20 2025

Singapore-flagged Maersk Saltoro has docked in Nansha port, with initial inspections revealing extensive damage to 24,000 metric tons of Chilean cherries.

Insurers still receiving new claims three years after historic Lismore floods

February 17 2025

More than 99% of 242,000 claims now settled, but ICA says a small number of new claims still emerge each month.

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Cherry problem: Saltoro breakdown highlights complexities insuring high-value, highly perishable cargo

February 14 2025

Record-breaking claims may be on the horizon, as US$60m worth of Chilean cherries face spoilage en route to China.

North Queensland flood-related claims exceed 5,690

February 11 2025

The ICA and its members have expanded in-person claims support across flood-hit North Queensland.

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