Alfred Anniversary Sharpens Insurer Focus on Cyclone Risk and Costs
On the one-year anniversary of Cyclone Alfred's landfall, Insurance Council of Australia reports A$1.5B in insured losses and A$2.7B in total economic costs, part of A$28B in cumulative weather event losses since 2022.
PERILS Pegs Cyclone Alfred Losses Close to $2 Billion
PERILS AG releases final catastrophe loss estimate for Cyclone Alfred at near A$2B insured — Australia's largest cyclone loss since Cyclone Debbie in 2017 — flagging rainfall-driven flooding rather than wind as the primary cost driver.
