Australian storm losses hit $1.1B: Perils - Business Insurance
The severe convective storms that hit the Australian states of Queensland, New South Wales, and Victoria in late October 2025 resulted in insured losses of 1.6 billion Australian dollars (US$1.1 billion), according to a final industry loss estimate by Swiss catastrophe data aggregator Perils AG, as reported by Artemis. Property losses accounted for 87% of the total, with Queensland bearing 94% of the overall losses.
Read more: Australian storm losses hit $1.1B: Perils
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