Property Loss Estimate for Australia’s Townsville Floods Rises to A$1.22B: PERILS

The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance …

from News – Insurance Journal