PERILS lowers Australia east coast SCS loss estimate to AUD 1.502bn
Zurich-based catastrophe insurance data provider PERILS has released its third industry loss estimate for severe convective storms (SCS) on Australia’s east coast in late October 2025, putting losses at A$1.502 billion. The event affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025. Eastern Australia experienced a prolonged period of severe…