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Disaster planning - What the US can learn from Australia.
(From Reinsurance)
The magnitude of the damage caused by Australia's cyclone season has been minimal in comparison to the trail of destruction left by Hurricane Katrina in the US. Industry estimates have put the cost of insured damages at A$350m ($268m) so far, small change compared to the over $38bn in payouts US insurers and reinsurers have shouldered from Katrina.
But the force with which Cyclone Larry struck the northeast coast of Australia was in excess of the winds that hit the US Deep South, and could have been as dangerous had they struck a major town or city. As it happened, only Innisfail, a town of 8000 people, was seriously affected by the ...
- INSURANCE AUSTRALIA GROUP PAYS CYCLONE LARRY CLAIMS OF $100MLN.
- News wire article from: AsiaPulse News April 24, 2006 700+ words
...Pulse - The Insurance Australia Group Ltd (ASX...revealed its exposure to Cyclone Larry was worse than originally...high intensity of Cyclone Larry as it swept inland...claims costs from Cyclone Larry will be about two...
- Australia braced for Cyclone Larry.
- Newspaper article from: The Daily Mail (London, England) March 20, 2006 700+ words
THOUSANDS were ordered to leave their homes yesterday as a tropical cyclone approached Australia's north east coast. Cyclone Larry - a category four storm with winds of up to 174mph - is heading for the popular tourist destination...
- AUSTRALIA'S CYCLONE LARRY INSURANCE LOSSES HIT US$176 MLN.
- News wire article from: AsiaPulse News March 28, 2006 700+ words
BRISBANE, March 28 Asia Pulse - Insurance losses from Cyclone Larry have hit the $A250 million ($US176 million) mark, the...adjusters are also visiting the more isolated areas that were in Cyclone Larry's path." (AAP) 28-03 1758
- GUY CARPENTER PUBLISHES TROPICAL CYCLONE LARRY REVIEW.
- News wire article from: AsiaPulse News May 25, 2006 700+ words
...publication of its Tropical Cyclone Larry Review, a detailed...impact of Tropical Cyclone Larry, which made landfall...North Queensland, Australia on March 20, 2006...that while Tropical Cyclone Larry brought destructive...
- Thirty per cent of the Wet Tropics World Heritage Area was impacted by Cyclone...
- Press release article from: M2 Presswire March 20, 2007 700+ words
...PRESSWIRE-20 March 2007-CSIRO AUSTRALIA: Thirty per cent of the...Heritage Area was impacted by Cyclone Larry; 'Cyclone science' shows...20032007 A year on from Cyclone Larry research into the environmental...impacted to some extent by Cyclone Larry. "Fragments of remnant...
- Crawford & Company Australian Claims Professionals On Scene Following Cyclone...
- Press release article from: PR Newswire March 21, 2006 700+ words
...NYSE: CRDA; CRDB) Australia operation has activated...plan in the wake of Cyclone Larry, the category five cyclone that struck Australia on Monday morning...professionals from around Australia are arriving in Cairns...Mark Sidey. Tropical Cyclone Larry crossed the North ...
- FMR AUST DEFENCE CHIEF TOURS AREAS RAVAGED BY CYCLONE LARRY.
- News wire article from: AsiaPulse News March 24, 2006 700+ words
...Queensland ravaged by Cyclone Larry, likening the devastation...following the destruction by Cyclone Larry on Monday. He will...Cosgrove said. The former Australia Defence Force chief...Queensland and wider Australia." Residents he met...
- AUSTRALIAN INSURANCE COMPANIES HIT BY CYCLONE LARRY CLAIMS.
- News wire article from: AsiaPulse News April 7, 2006 700+ words
...million) to cover damage caused by Cyclone Larry. Suncorp has so far received...helping customers affected by Cyclone Larry get back on their feet. "The...from the cyclone while Insurance Australia Group (IAG) (ASX:IAG) says...