Declared Catastrophe's in 2018
Tasmanian Storms May 10
On the night of May 10, 2018, heavy rainfall brought significant storm water inundation and limited flooding to the Hobart region and surrounds. Hobart experienced in excess of 130mm of rainfall in 24 hours. The suburbs worst affected were Kingston, Sandy Bay, and Blackmans Bay.
While much of the inundation was from storm water runoff, the Hobart Rivulet is understood to have breached in two locations, potentially causing flooding to low lying commercial addresses.
In response to impact on the community, the Insurance Council declared a catastrophe which enacted the industry's catastrophe taskforce arrangements. Disaster response experts were immediately deployed to the region to assist homeowners and local government. Insurance experts also held a number of insurance forums to provide claims assistance to policyholders.
Worst affected regions
as at October 12, 2018
Total Insured Loss: $99.6 Million
Claims lodged: 8,898
March Fires in NSW/VIC
On March 18, 2018 a bushfire began near Reedy Swamp and rapidly moved East towards Tathra, NSW. By late afternoon, the fire had begun directly impacting homes on the Western fringe of the town. In total, 69 homes and 30 caravans were destroyed. A further 39 homes were damaged.
Over the same weekend, several fires affected properties in Victoria. The worst affected communities were those of Terang, Warrnambool and surrounds.
On 19 March, the ICA declared a catastrophe for the fires in NSW and VIC. Disaster recovery specialists were deployed to the affected regions to manage the insurance recovery, liaise with government and assist the community.
as at May 16, 2018
Total Insured Loss: $82.5 million
North Qld Inundation
The Insurance Council declared a catastrophe for areas of North Queensland affected by heavy rainfall and flooding between March 5 and March 12, 2018. The worst affected regions were Ingham, Cordelia and Innisfail.
Only a relatively low number of properties experienced overfloor flooding. Approximately 525 claims were lodged throughout the region.