ICA escalates Victoria bushfires to Insurance Catastrophe as claims mount

Share!

Reinsurance News - Jan 16, 2026

The Insurance Council of Australia (ICA) has escalated its significant event declaration to an Insurance Catastrophe for the dozens of bushfires impacting Victoria since 7 January, which have collectively burned about 985,000 acres. According to Aon’s weekly catastrophe report, the fires have...

Read Full Article

Recommended Articles

Capgemini report finds physical AI expected to scale within five years despite deployment barriers

Posted: Apr 16, 2026

Capgemini Research Institute, the research division of the Capgemini, has published the report Physi...

Beazley plans new Marine War insurance consortium to expand market capacity

Posted: Apr 16, 2026

Beazley, a large specialist insurer, has announced plans to establish a new Marine War insurance con...

Marsh CEO Doyle ‘pleased’ with Guy Carpenter’s execution in Q1’26 in spite of headwinds

Posted: Apr 16, 2026

John Doyle, President and Chief Executive Officer (CEO) of global insurance and reinsurance broking...