News Asia29 Jan 2026

Australia:Insured losses from bushfires have risen to more than US$139m

| 29 Jan 2026

Insured losses from the bushfires that have been burning through parts of Victoria, Australia, since 7 January are estimated to have reached more than A$200m ($139m) across more than 3,100 claims.

In a statement, the Insurance Council of Australia (ICA) said the claims include property, motor, commercial and business interruption, with about 30% of property claims estimated to be total losses.

“These bushfires very much remain an ongoing event, and I encourage Victorians to follow the advice of emergency services,” said ICA CEO Andrew Hall.

“Insurers are working hard to support impacted customers and are already making plans to revisit Victoria for face-to-face consultations in the coming weeks.”

 

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