31 January 2011

Initial Victorian Flood Figures

The Insurance Council of Australia (ICA) today released initial figures for the general insurance industry detailing claims numbers and the estimated insurable value of claims arising from the Victorian floods.

As at 31 January 2011, members of the ICA have received 4780 claims with an estimated insurable value of $69 million.   

As a percentage of the number of claims so far received:
• 48% relate to residential property
• 22% relate to residential contents
• 8% relate to commercial property
• 8% relate to commercial and domestic vehicles
• 14% relate to other

Policyholders affected by the flood in Victoria are encouraged to contact their insurer who will be able to assist them with their claim.


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