Perils has updated its industry-loss estimate for the Australian Christmas storms at A$1.6bn ($1.07bn).
Perils’ third loss estimate, covering the property and motor-hull lines of business, is up from its previous estimate of A$1.5bn,
Perils increases Australian Christmas storm loss to A$1.6bn
The estimate is up from A$1.5bn, published by Perils in April.