ICA releases claims update for Townsville catastrophe
The catastrophic floods that swept across Townsville has resulted in 21, 515 claims, with the estimated insurance losses of $887 million, according to the Insurance Council of Australia’s latest figures. “This represents 19,614 residential claims and 1,901 commercial claims,” said Rob Whelan, ICA CEO. “All claims lodged are being assessed on a case-by-case basis, taking into account the damage sustained and the terms and conditions of individual insurance policies.”