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Queensland flood insurance claims top $1.5b

  • 31-01-11

INSURANCE companies now are processing $1.51 billion worth of claims from victims who suffered property and business losses in the Queensland floods.

So far 38,460 individual claims have been lodged with insurers.
Claims from flood-affected householders and businesses in Victoria are still being calculated.
The Queensland figures, released by the Insurance Council of Australia yesterday, show 53 per cent of all claims lodged until Saturday were made by those living in Brisbane.
Another 30 per cent came from regional Queensland, while 17 per cent of all claims came from Toowoomba and the Lockyer Valley, two of the worst hit areas. At a glance, the figures show that:
46 per cent of all the claims involve flood damage to houses.
25 per cent of claims are for house contents.
10 per cent involve commercial property.
11 per cent involve commercial and domestic vehicles.
8 per cent are for other classes, including business losses because of interrupted trading.

INSURANCE companies now are processing $1.51 billion worth of claims from victims who suffered property and business losses in the Queensland floods.

So far 38,460 individual claims have been lodged with insurers.

Claims from flood-affected householders and businesses in Victoria are still being calculated.

The Queensland figures, released by the Insurance Council of Australia yesterday, show 53 per cent of all claims lodged until Saturday were made by those living in Brisbane.

Another 30 per cent came from regional Queensland, while 17 per cent of all claims came from Toowoomba and the Lockyer Valley, two of the worst hit areas. At a glance, the figures show that:

46 per cent of all the claims involve flood damage to houses.
25 per cent of claims are for house contents.
10 per cent involve commercial property.
11 per cent involve commercial and domestic vehicles.
8 per cent are for other classes, including business losses because of interrupted trading.

Source: Geoff Easdown | Herald Sun


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