Insurance Catastrophe, NSW Floods
The Insurance Council of Australia (ICA) has declared the major flooding around Forbes in the Central West of New South Wales a catastrophe.
Rob Whelan, ICA CEO, said the insurance industry was still unclear about the full extent of damages to residential and business properties and crops, but had escalated its response to help policyholders.
Read full arficle here. Source: Insurance Business Online Image: Shutterstock
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