Best's News

Perils’ Final Estimate Puts Insured Property Flood Loss at US$830 Million for Townsville, Australia

Severe flooding that struck the Townsville area of Australia a year ago caused insured property losses of A$1.24 billion (US$830 million), said Perils AG in its fourth and final loss estimate for . . .

-- This content requires registration --

Already registered?

Login

Not registered?

Register for free

Property Insurance Losses Australia Catastrophes


Latest News

PEOPLE IN INSURANCE
WTW Accelerates AI Strategy With EMEA ICT Appointments
Mar 30, 2026 02:56 PM (EDT)
INVESTMENTS
Labor Department Proposal Eases Alternative Assets Investment Rules, Litigation Risks
Mar 30, 2026 02:36 PM (EDT)
SETTLEMENTS (LITIGATION)
State Farm Seeking $15.6 Million Settlement in Total-Loss Vehicle Valuation Class Action
Mar 30, 2026 02:21 PM (EDT)
EARNINGS
Presurance Narrows Fourth-Quarter Net Loss Despite Combined Ratio Worsening to 333.5
Mar 30, 2026 02:04 PM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Finial Reinsurance Company
Mar 30, 2026 01:12 PM (EDT)

More from Best’s News


Trending

1
WAR RISK INSURANCE
Marine War Risk Coverage at Risk as Middle East Conflict Escalates
Mar 02, 2026 11:39 AM (EST)
2
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
3
MERGERS AND ACQUISITIONS
AIG Closes on Convex, Onex Transactions
Feb 09, 2026 01:06 PM (EST)
4
OCEAN MARINE INSURANCE
LMA: London Market Coverage Remains Available for Strait of Hormuz Shipping
Mar 24, 2026 11:08 AM (EDT)
5
ARTIFICIAL INTELLIGENCE
Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Mar 11, 2026 04:42 PM (EDT)

    

1
MERGERS AND ACQUISITIONS
AIG Closes on Convex, Onex Transactions
Feb 09, 2026 01:06 PM (EST)
2
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Korean Reinsurance Company
Dec 12, 2025 08:02 AM (EST)
3
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
4
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Allstate Corporation and Its Core Subsidiaries
Aug 28, 2025 04:29 PM (EDT)
5
BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Negative for Knight Insurance Company Ltd. and Its Affiliates
Apr 17, 2025 09:18 AM (EDT)