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NSW storm claims rise to 13,600 

The Insurance Council of Australia (ICA) has provided a claims update on the post-Easter storm in NSW.

A spokesperson told the industry has received about 13,600 claims as of today, up from more than 11,500 last Wednesday evening when ICA declared the April 3-8 severe storm a significant event.

Under a significant event declaration, ICA starts its claims data collection, analysis and reporting processes in consultation with members, and its representatives will continue to work with government and agencies to understand impacts on the community and ensure affected residents receive assistance.

IAG says since April 3 it has received more than 4300 claims, with more than 80% relating to property damage. The most affected areas are the Hawkesbury-Nepean and Illawarra regions.

EGM Claims Luke Gallagher says IAG assessors and partner repairers are on-site with customers and its call centres are available 24/7.

Suncorp says about 2700 claims have been submitted, including more than 2100 for home-related damage. “By far the most impacted suburbs from claims are North Wollongong, followed by Corrimal and Woonona, with damage mainly from rain, flooding and storm surge,” EM Disaster Management Lilly Broodbank said.

The storm follows a costly summer for the industry, updated ICA loss data shows.

Losses from declared insurance catastrophes over summer were close to $1.6 billion, with the cost of the Christmas storms now exceeding $1.1 billion from nearly 95,000 claims. Ex-Tropical Cyclone Jasper losses topped $296 million from nearly 10,000 claims, and the Valentine’s Day storms cost $162 million from nearly 25,000 claims.