November hailstorm to cost Australian insurers A$130m


More than 15,000 motor vehicle claims have been lodged expecting to cost Australia's insurers A$80m (£47m). In addition thousands of hectares of crops have been damaged and some wineries lost up to 80% of their vines. South Australia, a large winemaking region, is the most severely affected with insured losses of A$130m from 20,080 claims. Insured losses in New South Wales have reached A$37.5m from 4529 claims while Victorians have lodged 3537 claims amounting to insured losses of A$25.