ICA escalates Victoria bushfires to Insurance Catastrophe as claims mount

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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...

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