ICA Declares Queensland Hailstorms an Insurance Catastrophe as Claims Surge

South East Queensland hailstorms declared an Insurance Catastrophe by ICA - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the strong winds and damaging hail that affected South East Queensland between Sunday, November 23, and Monday, November 24, with the firm noting that insurers have already received more than 16,000 claims. Under the ICA’s catastrophe declaration, whic…

ICA declares Queensland hailstorms an Insurance Catastrophe as claims surge

The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the strong winds and damaging hail that impacted South East Queensland between Sunday, 23 November and Monday, 24 November, noting that insurers have already received more than 16,000 claims across more than 140 postcodes for the event, which will be known as CAT 255. Under the catastrophe declaration, insurers will reportedly prioritise claims from affected polic…