The Insurance Council of Australia (ICA) has extended the “insurance catastrophe” declaration for the recent storms, rain, and flooding affecting the east coast from Christmas through to the New Year.
The extension underscores the widespread impact of severe weather conditions in Queensland, New South Wales (NSW), and Victoria.
“The volume and intensity of the storms that have impacted three states prior to Christmas has caused substantial damage,” said ICA CEO Andrew Hall. “These severe storms have caused significant stress and uncertainty to those impacted, and insurers are already assisting customers with claims and the recovery process.”
With almost 38,000 insurance claims filed since December 23, the ICA’s insurance catastrophe declaration – designated as Cat 233 – plays a pivotal role in enhancing and prioritising the insurance industry’s response for affected policyholders. Key aspects of the catastrophe declaration include:
Insurers’ data reveals that the Gold Coast has witnessed the highest concentration of claims, the ICA reported.
“Insurance assessors are being deployed to the most recently affected communities from [January 3],” Hall said. “Those impacted should contact their insurer even if they don’t know the full extent of the damage.”
The ICA and insurers are collaborating with government authorities to ensure insurance customers receive timely access to information and assistance.
As Australians recover from the impacts of the recent storms, the ICA advised vulnerable residents to exercise caution regarding “disaster chasers” within their community.
