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ICA monitors cyclone threat

The Insurance Council of Australia (ICA) is continuing to monitor cyclone activity after Ex-Cyclone Dylan hit Queensland on Friday.

The storm made landfall near Hideaway Bay, between Bowen and Airlie Beach, as a category-two cyclone.

It brought gusts of up to 140kmh and dumped 200mm of rain in some areas, but residents were spared major flooding and damage was limited.

“ICA and its members are monitoring potential cyclones developing in Queensland and the NT,” a spokesman told insuranceNEWS.com.au. “There have been very low claims registered from policyholders affected by ex-Cyclone Dylan.”

Meanwhile, the clean-up continues following the Perth Hills bushfire, which was declared a catastrophe by ICA last month.

More than 50 buildings were destroyed by the fire, which started in Parkerville before spreading to Stoneville and burning through about 400 hectares. More than 300 claims have been lodged, with estimated insurance losses of about $15 million.

ICA spokesman Campbell Fuller says that compared with other bushfires, “this was a fairly small event”.

“However, the industry in WA is very focused on responding to the needs of claimants and is working with the Government on the clean-up.”

He says events so far this summer are “fairly typical of the season. The industry calls it ‘disaster season’ for a reason.”