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Bushfire, cyclone losses keep climbing

Estimates of insurance losses from three recent natural catastrophes have soared tens of millions of dollars to $147.83 million.

Losses from bushfires in NSW and Victoria have been revised to $72.08 million in updated Insurance Council of Australia figures. Previous losses were estimated at $48 million.

In the NT, the cost of Cyclone Marcus has soared to $58.95 million from a previous estimate of $15.5 million.

Lodged claims are 6377 as of last month, mostly for house and contents cover.

Floods in north Queensland have cost $16.8 million, with 525 claims lodged, mostly in Ingham, Cordelia and Innisfail.

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