Catastrophe Information
SEARCH   Click to search
| advanced |
Click to print page

Catastrophe Information


 
Some Key Facts - Based on insured losses:

The 7 most costly insured events in the last 40yrs -

· 1st 4.3bn Newcastle Earthquake 28/12/89
· 2nd 3.6bn Cyclone Tracey 24/12/74
· 3rd 3.3bn Sydney Hailstorm 14/4/99
· 4th 2.1bn Brisbane Floods 25/1/74
· 5th 1.7bn Brisbane Hailstorm 18/1/85
· 6th 1.4bn Newcastle Storms 9/6/07
· 7th 1.3bn Victorian Bushfires 16/2/83
* In 2007 Adjusted Dollars

Bushfire – Most property loses occur in NSW, VIC and the ACT between September & March.

Cyclones – Most property damage occurs in Northern QLD and WA between December and April.

Severe Storms – The worst affected states are NSW & QLD, followed by WA, VIC, SA & TAS. The majority of severe storms have occurred between September & February.

Hail – Hail is a very significant factor in insured losses. The worst affected states are NSW & QLD. The worst months for damaging hail are from October to April.

Flood – Riverine Flood is a significant issue in Australia historically accounting for nearly 1/3rd of insured losses. From an insurance perspective the worst affected states are NSW & VIC, followed by QLD & WA typically occurring from April to October.

Earthquake – Australia has a low incidence of highly damaging earthquakes. The most affected states are NSW & WA, with 4 significant earthquakes causing an insured loss occurring in the last 40 years.

More Information
A breakdown of catastrophe data is available to member companies upon request.


For More Information

Karl Sullivan
General Manager - Policy Risk & Disaster Directorate
T 92535155
ksullivan@insurancecouncil.com.au








     

Home  |  Privacy  |  Disclaimer  |  Contact us


Insurance Council of Australia Limited. ABN 50 005 617 318. All rights reserved


Web design and Content Management System by Elcom Technology