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Showing posts from August, 2017

Cyclone Debbie Insurance Claims Losses

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Cyclone Debbie Insurance
An American financial giant's insurance earnings have been battered by Cyclone Debbie, which lashed across Queensland and New South Wales as well as New Zealand in March.

Also local Insurance companies including QBE insurance, AAMI, NRMA, GIO and Suncorp plus other international Insurance companies including Zurich and Allianz are currently assessing their claims losses.

Home Insurance Claims
The Insurance Council of Australia (ICA) said the cyclone caused an estimated $1.4 billion in insured losses, including Home Insurance and Car Insurance claims, with 58,416 related to personal claims and 7,462 to businesses.

The cyclone also made its presence felt as far as Omaha, Nebraska in the United States, as it made a US$165 million ($208 million) impact to the earnings results of Warren Buffet's Berkshire Hathaway, The Courier-Mail reported.

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The firm was …