Insured losses due to natural catastrophes and weather events in Australia have reached $261m so far this year, after losses due to the Hobart storms and floods were raised to $100m by the Insurance Council of Australia.
The insurance peak body said that nearly four months after catastrophic storm struck Hobart and Kingston, resulting in 8,800 household and commercial claims, amounting to $99.72m in insured losses, almost 50% of household claims have been closed.
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