Summer catastrophes in Australia cost AU$5.19bn

The four natural disaster catastrophes declared in Australia during the 2019-2020 summer have already cost more than AU$5.19bn, with more than 15,000 new claims worth AU$270m lodged in the past four weeks, according to the Insurance Council of Australia (ICA). Campbell Fuller, ICA head of communications, said: “Thousands of new claims and property loss assessments have pushed total claims to…

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