The catastrophic hailstorms that tore through eastern Melbourne, the Australian Capital Territory, and parts of New South Wales on Sunday and Monday have triggered the Australian Financial Complaints Authority’s (AFCA) significant event response plan.
The announcement follows the Insurance Council of Australia’s catastrophe declaration, with damages due to the wild weather event estimated at $320 million.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.