1. Home
  2. Update

Australia: IAG catastrophe insurance costs to rise

Source(s): Australian Broadcasting Corporation
Upload your content
by Flickr user annzstream / Ann (Helen) Devereux, Creative Commons BY-NC-SA 2.0, http://www.flickr.com/photos/hadevereux/4956079499/
by Flickr user annzstream / Ann (Helen) Devereux, Creative Commons BY-NC-SA 2.0, http://www.flickr.com/photos/hadevereux/4956079499/

According to ABC, Insurance Australia Group says it will pay more for catastrophe insurance cover this financial year, with a total of up to $720 million reinsurance cover including for catastrophes, up from $620 million in the 2011 financial year. The company says it will have insurance protection of nearly $5 billion in 2012, including coverage for earthquakes and floods.

Attachments

Access View full story English

Last checked: 16 July 2021

Explore further

Hazards Earthquake Flood
Themes Insurance and risk transfer Financing DRR
Country and region Australia

Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use