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An ‘insurance catastrophe’ has been declared in New South Wales after more than 5,000 home and property claims were lodged, with more to come

Severe flooding in across New South Wales has led to an ‘insurance catastrophe’, the Insurance Council of Australia says. The designation will see insurance agencies grant priority to flood-affected policy holders and institute a dedicated disaster hotline. More than 5,000 claims have already been lodged, with more expected when evacuated […]
An ‘insurance catastrophe’ has been declared in New South Wales after more than 5,000 home and property claims were lodged, with more to come