The severe storms that brought giant hailstorms and destructive winds across southeast Queensland early this week have been declared a catastrophe by the Insurance Council of Australia (ICA).
To date, insurers have received more than 5,000 claims, including about 3,000 motor vehicle claims, with losses estimated at $40 million. These numbers are expected to increase over the next few days.
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.