Insurance Claims after Australia's Flood

Started by MikeLigalig.com, January 14, 2011, 07:47:12 AM

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MikeLigalig.com

January 14, 2011, 07:47:12 AM
Australia's insurance industry is gearing up for one of the largest series of claims in its history after devastating floods swept through the state of Queensland.

As thousands return to their damaged homes and businesses to survey the havoc caused by mud and flood waters, insurance assessors are being mobilised from across the country.

"We're thinking it's going to be up there with one of the biggest events we've had," said Paul Giles, of the Insurance Council of Australia.

Already the council, which represents many of the country's principle insurers, estimates there have been some 8,000 claims, worth a total of Aus $290m (£183m; $289m).  - BBC
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Guy Matabao

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January 15, 2011, 06:12:22 AM
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