Extreme weather costs in Australia in 2025 hit AUD 1.5bn: ICA

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Reinsurance News - May 12, 2025

According to new data released by the Insurance Council of Australia (ICA), the February North Queensland floods and ex-Tropical Cyclone Alfred in March have so far caused insured losses of almost AUD 1.5 billion. The ICA has clarified that these two events are being prioritised by insurers as they...

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