Zurich - 20 Dec 2024
AUD 1,606M - PERILS RELEASES FINAL INDUSTRY LOSS FOOTPRINT FOR 2023 AUSTRALIA CHRISTMAS STORMS
PERILS has today released its fourth and final industry loss estimate for the Australia Christmas Storms which affected the states of Victoria, New South Wales, and Queensland during the period of 23 to 29 December 2023.
In line with the PERILS Methodology, the loss number covers the property and motor lines of business. The estimate is based on loss data collected from the majority of the Australian insurance market.