Australia weather losses hit $54mn: ICA

The Insurance Council of Australia (ICA) has estimated combined
insured losses from hailstorms and bushfires in New South Wales
last week at A$70mn ($53.8mn).
In a statement released today the organisation said bushfires
had led to 1,200 claims totalling A$28.5mn, while a hailstorm in
Sydney on Saturday caused 17,500 claims and insured losses of
around A$42mn.
The ICA had previously estimated losses from the bushfires at
around A$20mn and last week declared the events a catastrophe.
ICA chief ex