Business
Catastrophe declared for NSW as 11,700 insurance claims submitted for flood damage – The Guardian
Claims to be fast-tracked as extreme weather events put growing pressure on regional Australia and the insurance industry
The Insurance Council of Australia has declared a catastrophe for large parts of New South Wales struck by devastating floods as the industry received more than 11,700 claims filed as of this morning.
The worst affected reasons are mid-north coast towns of Port Macquarie, Kempsey, Laurieton and Taree, and west Sydney in areas around Penrith and the Hawkesbury-Nepean valley.
While the ICA has yet to issue a catastrophe declaration for South East Queensland, it will be monitoring the situation as…
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