Another large $$$ bill from Melbourne & Perth storms.
Then add Queensland floods, Tropical cyclone damage in Queensland & Northern territory.
Yep...storm & flood incidents are un-important
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source:
http://www.adelaidenow.com.au/news/breaking-news/perth-storm-bill-could-top-melbournes/story-e6frea73-1225848076153Perth storm bill could top Melbourne's
* From: AAP
* March 31, 2010 2:44PM
THE damage bill for last week's hail storm in Perth could top the $880 million in claims for Melbourne's flash flood in January, the Insurance Council of Australia (ICA) says.
There have been 89,000 claims totalling $650 million so far in Western Australia, according the council, but it says these figures are likely to rise further.
"The industry is working as quickly as it can to process claims," an ICA spokeswoman said today.
"With the initial rush over, we're now getting the next wave.
"We are still taking calls and processing claims, so (it) is likely (the total will climb above $650 million)."
The hail storm devastated Perth and the south-west when it hit late in the afternoon on March 22, blacking out about 200,000 homes and businesses, damaging thousands of cars and flooding roads and residences.
The initial cost was estimated at $100 million, but this quickly rose as claims continued to pour in, the ICA said.
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