Queensland hailstorm puts pressure on the homeowners insurance sector

hail storm homeowners insurance

Insurance Council of Australia reports more than 68,000 claims filed due to disaster The Insurance Council of Australia has released information concerning one of the most devastating hailstorms that Queensland has ever seen. The organization noted that the damage caused by the hailstorm was so severe that Queensland’s two largest insurance companies may have to call upon their own reinsurance protection to manage costs. According to the Insurance Council of Australia, more than 68,000 claims have been filed as a result of the hailstorm, and this number is still rising.…

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