Australian bushfire losses reach A$1.34bn as IAG and Suncorp pull cover

Australia, forest fire

The Insurance Council of Australia has updated loss estimates for the catastrophic bushfires that are continuing to impact the country, pegging losses at A$1.34bn ($924mn), while two of the country’s largest insurers have temporarily halted sales of policies and the processing of claims in impacted regions.

Want to read this article?

Subscribe for FULL access to this article - and ALL our premium content

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey
Commercial director
Tel: +44 (0) 203 934 6687

Andy Stone
Sales manager
Tel: +44 (0) 203 934 6684

Subscribers get access to:

  • Breaking news by email on all critical issues
  • Trusted analysis and commentary
  • Opinion from market thought-leaders
  • Exclusive data on the industry
  • Daily digital newsletter
  • Full access to our online archive


If you are a subscriber you can SIGN IN now for FULL access