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Australian flood claims rise again to $1.3bn

March 7, 2022

Insurers have received over 86,000 claims related to the floods in south-east Queensland and New South Wales, says the Insurance Council of Australia (ICA).

The ICA says that most claims (72%) comes from Queensland, and that 83% of the total claims are for domestic property, with the remainder being motor vehicle.

The estimated current cost of claims, said the ICA, is now $1.3bn and expected to increase.

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