2019 Townsville Floods property loss estimated at A$1.2bn


The property insurance market loss the from the floods in Queensland, Australia, particular the city of Townsville, between January 26 and February 10 2019, is estimated at A$1.2 billion ($832 million). This is according to PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data.

PERILS, Flood, Catastrophe, Insurance, Reinsurance, Property Insurance, Australia

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