Australia hailstorm losses swell to $353mn: ICA

ICA – Australia hailstorm

Insurers reporting into the Insurance Council of Australia (ICA) have seen hailstorm-related claims increase by more than a third in the last 24 hours – up to 55,650 from yesterday’s 41,000 – alongside a growing loss estimate which has now hit A$514mn ($352.9mn).

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