ICA declares NSW floods ‘Insurance Catastrophe’ as claims received nears 5,000

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Reinsurance News - May 27, 2025

The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an “Insurance Catastrophe” due to updated feedback on ground information about local event severity. So far, insurers have received 4,900 claims from the event, which has...

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