Compare Life Insurance :: News
SHARE

Share this news item!

Brisbane Hailstorm Sees Over 16,000 Insurance Claims

Brisbane Hailstorm Sees Over 16,000 Insurance Claims

The recent hailstorm in Brisbane has triggered more than 16,000 insurance claims, marking it as a significant event as declared by the Insurance Council of Australia.
Both Suncorp and IAG have experienced a substantial influx of claims following the severe weather conditions that affected parts of Queensland and Victoria over the weekend.

Suncorp has received 5,500 claims, with CEO Steve Johnston reporting approximately 5,000 claims from southeast Queensland and 500 from Victoria due to the storm's destructive winds and hail. The financial impact on the company is estimated to be between $220 million and $260 million. To manage the situation, Suncorp's Disaster Management Centre has been fully activated, deploying mobile hubs to the most heavily impacted areas.

IAG has also reported over 3,900 claims from the event in southeast Queensland, utilizing brands such as NRMA Insurance and RACQ Insurance. With forecasts predicting more extreme weather, IAG is leveraging an advanced artificial intelligence model to streamline emergency responses. This model uses a sophisticated situation awareness map, integrating real-time hazard intelligence with customer data to identify homes in urgent need of repair and to proactively reach out to potentially affected policyholders.

The swift assessment and strategic response to the storm by these insurers highlight both the extent of the damage and their commitment to support their customers during such crises.

While the immediate focus is on addressing existing claims and mitigating further damage, both companies are positioned to adapt to the unfolding weather conditions, supporting affected residents and businesses in their recovery efforts.

Published:Monday, 3rd Nov 2025
Source: Paige Estritori

Share this news item:

Insurance News

Brisbane Hailstorm Sees Over 16,000 Insurance Claims Brisbane Hailstorm Sees Over 16,000 Insurance Claims
03 Nov 2025: Paige Estritori

The recent hailstorm in Brisbane has triggered more than 16,000 insurance claims, marking it as a significant event as declared by the Insurance Council of Australia. Both Suncorp and IAG have experienced a substantial influx of claims following the severe weather conditions that affected parts of Queensland and Victoria over the weekend. - read more
Strata Futures Report Proposes National Task Force for Industry Overhaul Strata Futures Report Proposes National Task Force for Industry Overhaul
03 Nov 2025: Paige Estritori

The recently released Strata Futures Report has put forth a comprehensive set of 64 recommendations aimed at transforming Australia's strata industry. Central to these proposals is the establishment of a national task force, co-funded by the government, to spearhead reforms and foster a high-performing, transparent, and sustainable model of property ownership and governance. - read more
NSW Strata Managers Set to Eliminate Insurance Commissions by 2026 NSW Strata Managers Set to Eliminate Insurance Commissions by 2026
03 Nov 2025: Paige Estritori

In a significant development for the strata management sector, the Strata Community Association New South Wales (SCA NSW) has announced a phased plan to eliminate insurance commissions for managing agents, commencing January 1, 2026. This initiative aims to bolster transparency and trust between strata managers and property owners. - read more
Surge in Mental Health Claims Reshapes Australia's Insurance Landscape Surge in Mental Health Claims Reshapes Australia's Insurance Landscape
31 Oct 2025: Paige Estritori

Australia's insurance industry is experiencing a significant shift as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more


Life Insurance Articles

Understanding Various Life Insurance Types: Which One is Right for You? Understanding Various Life Insurance Types: Which One is Right for You?
Financial security is one of the most important aspects of modern family life. Ensuring that loved ones are protected and well-supported in the event of an untimely death is a fundamental concern for many Australians. - read more
How to Secure Your Financial Future: Dealing with Income Loss How to Secure Your Financial Future: Dealing with Income Loss
Experiencing an income loss due to illness or injury can be a daunting prospect for many Australians. The sudden drop in income can significantly impact your financial stability, affecting everything from daily expenses to long-term savings goals. - read more
Top 5 Reasons to Consider Life Insurance While You're Young Top 5 Reasons to Consider Life Insurance While You're Young
When you’re young, life is all about new experiences and making plans for a promising future. While factors like travel, career, and relationships often take centre stage, one aspect often overlooked is life insurance. It might seem like something to consider later in life, but starting a policy while you're young can be a savvy financial move. - read more
How to Ensure Your Travel Insurance Covers Your Next Adventure Sport How to Ensure Your Travel Insurance Covers Your Next Adventure Sport
Australians are known for their adventurous spirit, often seeking thrills through activities such as bungee jumping, surfing, and skiing. Adventure sports provide an adrenaline rush and an escape from the everyday routine, making them highly appealing to those who crave excitement and challenge. - read more


Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Start Here

Life Cover Amount:
Postcode:


All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Double Indemnity:
A clause or provision in a life insurance policy that doubles the payout in cases of accidental death.