Extreme weather in Australia costs insurers $3.5bn in 2025: ICA
Reinsurance News - Jan 23, 2026
According to new data from the Insurance Council of Australia (ICA), extreme weather events have resulted in almost $3.5 billion in insured losses from 264,000 claims in 2025. Of these losses, the costliest was Ex-Tropical Cyclone Alfred, which accounted for 132,000 claims and more than $1.5 billion...
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