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Insurance Council of Australia

Catastrophe 223: Victorian, NSW and Tasmanian floods

Event background

On Wednesday, 19 October 2022 the Insurance Council of Australia escalated its significant event declaration to an Insurance Catastrophe for regions of Victoria, Tasmania and New South Wales impacted by severe weather and flooding that has occurred since 12 October 2022.

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Catastrophe 223: Victorian, NSW and Tasmanian floods

Claims count

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22.9

Thousand

Claims incurred

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860

MILLION

Outstanding

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56

MILLION

Close rate

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97.2

PERCENT

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* As at September 2024

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We are the representative body of the general insurance industry in Australia, shaping positive outcomes for our members, our people and the community.

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Acknowledgement of Country

We acknowledge the Traditional Owners on the many lands the people of the ICA reside and work. We respect and honour Aboriginal and Torres Strait Islanders Elders past, present, and emerging.
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