Losses from 14cm Australian hailstones hit £725m

Catastrophe insurance data analyst Perils has revised its loss estimate for the South East Queensland hailstorms on 31st October to £725m, up from the £685m estimated in December.

The thunderstorms impacted the surrounding areas of Brisbane, the Gold Coast and the Sunshine Coast. Hailstones were recorded with diameters of up to 14cm.

The estimate includes property and motor losses. Perils will release a further update on 3rd May detailing property losses for individual post code areas and lines of business.

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