Millions claimed in insurance after East Coast Low
MORE than $56 million in claims have been made to insurance companies for damage caused by wild storms on Australia's east coast.
The Insurance Council of Australia has expanded the footprint of the latest "insurance catastrophe" to include the eastern coast of Victoria and Tasmania's northern and eastern coasts.
Insurers had received 14,500 claims across Queensland, NSW, Victoria and Tasmania yesterday for estimated insured losses of more than $56 million.
ICA acting CEO Karl Sullivan predicted those figures would rise over coming days.
"The overall impact of these storms remains well below some other recent events, including last April's east coast low (insured losses of $950 million) and 2014's Brisbane hailstorm ($1.4 billion), so insurers are well resourced to help all policyholders needing assistance," he said.