The Insurance Council of Australia has announced that they have declared a catastrophe for parts of central Queensland that was rocked by Severe Tropical Cyclone Marcia last week.

Source: Insurance Business

“The impact of Tropical Cyclone Marcia is likely to be felt for many days, and it is much too early to estimate insurance losses or provide claims numbers.

“Queensland households and businesses can be assured the insurance industry has already geared up for cyclone claims. Call centres are standing by to answer queries and guide customers through the claims process, and insurers’ rapid response teams are ready to enter cyclone-hit areas when it is safe to do so.”

IAG has received approximately 700 claims for damage, as of Sunday 22 February, with the majority of claims received from personal insurance customers through the NRMA, CGU, Lumley Insurance, WFI and Coles brands.

90% of claims relate to property damage caused by heavy rain and high winds, according to a statement released by the company.

Managing director and CEO of IAG, Mike Wilkins, said that the company have made claims from Cyclone Marcia a priority.
 

Read Full Article