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Sydney hail storm property loss estimated at A$635m: PERILS

The property loss caused by the December hail storm in Sydney and the surrounding area of Australia is estimated to have caused an insurance and reinsurance market loss of A$635 million (US$462m) by PERILS AG.The catastrophe insurance data and loss estimate provider only tracks property losses in Australia, hence its read the full article →

Sydney area hail storm loss passes A$871m

The loss to insurance, reinsurance and some ILS fund interests from the recent major hail storm and severe convective weather outbreak that hit the Sydney and surrounding area of Australia in December has risen, with the industry impact now above A$871 million.The hailstorm system hit the Sydney, Central Coast and read the full article →

Sydney hail storm to trigger reinsurance losses via Suncorp & IAG

Two of Australia's largest insurers are expecting their reinsurance treaties to trigger after a major hail storm struck the Sydney and surrounding area on Thursday, resulting in catastrophic damage and already more than 25,000 claims filed.Large hail from severe thunderstorms struck the Sydney area, resulting in significant damage to insurable read the full article →

Sydney & NSW hail storm losses rise significantly to AU$186m

Insurance claims from a severe summer hailstorm that struck Sydney and parts of New South Wales, Australia earlier in February continue to rise, with the Insurance Council of Australia (ICA) saying that claims from damage have now reached AU $186 million (US$140.6 million).The storm brought a number of severe thunderstorms read the full article →