There is still no insured loss estimate for the bush fires in Australia that have resulted in thousands of claims and taken more than 200 lives.
According to a statement from the Insurance Council of Australia, the insurance industry has received approximately 5,450 claims in relation to the fires throughout the state of Victoria.
“Of all the claims received, approximately 10 percent are for motor vehicles and 90 percent are for building or contents,” Kerrie Kelly, chief executive of the Insurance Council, said in a statement. “There are an estimated 1,300 claims for total loss of property that have been lodged with the general insurance industry.”
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
