trending Market Intelligence /marketintelligence/en/news-insights/trending/-mW5pya2FThouRQwraWgkA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Insured losses from Australian bushfires near A$1B

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Insured losses from Australian bushfires near A$1B

Insured losses from bushfires that have been ravaging large swaths of Australia since early September 2019 are estimated to near A$1 billion, according to the Insurance Council of Australia.

A total of 11,272 bushfire-related claims have been launched since Sept. 5, 2019, putting the combined catastrophe losses at A$995 million.

The bushfire catastrophe declared Nov. 8, 2019, has resulted in 10,550 claims and A$939 million in insurance losses. The bushfires have destroyed land and structures in New South Wales, Victoria, South Australia and Queensland.