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Best’s News & Research Service subscription required - April 27, 2026 03:14 PM (EDT)

ICA: Weather Losses Rise Six-Fold in 2025; Middle East War Pressures 2026 Costs

Australian insurers incurred A$4.8 billion ($3.43 billion) of losses from extreme weather in 2025 as the number of claims multiplied nearly six-fold and severity climbed sharply from a year . . .

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