Skip to content

Australian Insurers Brace for Summer of Extreme Payouts

  • by The Quotesonline Team

Australian Insurers face claims Australia wide from a summer of almost biblical extremes, from flood victims in north, fire in Victoria and South Australia, and drought and extreme heat in NSW.

Queensland with many parts of the state facing a massive clean up bill after another cyclone, in Igham, thousand of homes remain surrounded by water and the flooding rains are set to continue as more cyclones and storms are predicted. The States clean up bill is estimated to be $120 Million dollars and climbing.

In a recent survey, by accounting firm Deloitte Touche Tohmatsu, general insurers predicted profits would come under pressure after 2 bad years of weather related claims, with this likely to results in increases in premiums in 2009 & 2010

Arrange an Insurance Quote Here

Quotesonline Free Insurance Quotes

Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

Call For Quotes