CHART: Disasters in Australia have cost more than $3.45 billion in just six months

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Bushfires, storms, hail and a cyclone have created $3.45 billion in insurance claims over little more than six months.

The April and May insurance claims for storm damage alone have passed $1.551 billion, says the Insurance Council of Australia.

Insurance Council member companies have received 119,935 claims following storms on the NSW Central Coast, Hunter, greater Sydney and the Illawarra regions over several days in April. Insurance losses total $801.7 million.

There are 14,239 claims from the hailstorm which hit Sydney on Anzac Day, with losses of $389.8 million.

A large proportion of these claims ($302.4 million) are for commercial policies, mainly for damage to industrial properties.

And the storms which rolled across South-East Queensland and Northern NSW between April 30 and May 4 caused $360.2 million in losses with 27,825 claims.

These are the other disasters:

  • Tropical Cyclone Marcia (February 2015) – 36,483 claims, more than $518 million in losses.
  • South Australian bushfires (January 2015) – 996 claims and $36.6 million in losses.
  • Brisbane hailstorm (November 2014) – 121,195 claims and more than $1.35 billion in losses.

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