The ICA has activated early catastrophe processes and warned residents to prepare for more storms following Brisbane and Ipswich hailstorm on 26 October.
Following the quake, the Philippine Institute of Volcanology and Seismology issued several tsunami warnings to coastal communities across the Southern region.
Cyclone pool ends year with a A$1.21bn operating deficit, but Australian Reinsurance Pool Corporation said it remains cash-flow positive and able to meet all expected claims.
