Vic hailstorm losses pass $400 million
Insured losses from severe storms in regional Victoria and Melbourne late last year have risen to $406 million, according to latest figures from the Insurance Council of Australia. The Insurance Council declared a catastrophe after heavy rain and hail on December 19 caused vehicle and property damage, and localised flooding. East and southeast Melbourne suburbs were worst affected. There have been more than 53,000 domestic claims and 6700 commercial claims.