Home News Allianz Australia: Storm brings industry claims of 300 million AUD

Allianz Australia: Storm brings industry claims of 300 million AUD

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By Lyndal McFarland
DOW JONES NEWSWIRES
MELBOURNE (Dow Jones) – The Australian recently about the City of Perth hinweggezogene storm is the insurance industry are probably expensive to come. Allianz Australia Ltd expects to own statements on Wednesday with claims on the insurance companies of more than 300 million AUD. Thus, the storm was one of the most expensive Natural disasters in the history of the country.
In the media talk of AUD 100 million in receivables was Insurance, "said Nicholas Scofield, Allianz Australia spokesman. He, however, go from total debt from 200 million to 300 million AUD or longer.
The subsidiary of Allianz SE, Allianz Australia, is due to the Storm on Monday after previously indicated that more than 2,000 claims Value of almost 17 million AUD preserved. A spokeswoman for Insurance Australia Group Ltd has yet to the potential exposures say. In the Suncorp Metway Ltd was initially no one for a To achieve estimates
Late on Monday, a storm had on Perth including led to blackouts in some 100,000 households. Hail storms moved across the region and caused Floods and landslides. The cyclone Port Headland in July 1975 had the Insurance together cost 312 million AUD.

   

Website: www.allianz.de

-By Lyndal McFarland, Dow Jones Newswires; (Bill Lindsay in Sydney
has contributed to the
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(END) Dow Jones Newswires

March 24, 2010 06:04 ET (10:04 GMT)

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