ShannonC
2500 Posts Club!
- Joined
- May 8, 2018
- Messages
- 2,701
- Reaction score
- 1,905
- Points
- 118
- Location
- North Parramatta, Sydney, Australia
Hope all Stingers were under cover last night. Worst hail storm in over 20 years creating wide-spread damage. Hail the size of cricket balls in some areas. Insurance Council has raised a Catastrophe number (all Insurance companies buy Catastrophe cover so that when their claims from an individual event exceed a set $ value any amount over that is recoverable - so if cover is set at $5mil and total claims cost ended up at say $10mil then the company would recover $5mil.)
Sydney hailstorm bill expected to top $20 million
Sydney hailstorm bill expected to top $20 million