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Insurance Council of Australia declares NSW floods a ‘catastrophe’ – NEWS.com.au
Insurance Council of Australia declares NSW floods a ‘catastrophe’
Large parts of NSW have been declared a catastrophe zone, as devastating floods continue to push the sodden state to its limits.After thousands of NSW residents were ordered to leave their homes, the Insurance Council of Australia made the declaration on Tuesday, meaning the insurance industry will escalate and prioritise their response to affected policyholders.
ICA CEO Andrew Hall said while it was still too early to understand the extent of damage to property and to estimate the insurance damage…
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