Australian disaster claims total A$5bn
Australia’s eight natural disasters in 2011 cost general insurers approximately A$5bn (£3.4bn) – more than double the 2010 figure, the Insurance Council of Australia reports.
The ICA confirmed that 265 997 claims have been lodged, with the total worth of reserved claims estimated at A$4.903bn. Insurance staff, brokers and other intermediaries have also been scrutinised for
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