Income Insurance Online :: News
SHARE

Share this news item!

Spike in Weather-Related Insurance Claims During Summer Revealed

Spike in Weather-Related Insurance Claims During Summer Revealed

Spike in Weather-Related Insurance Claims During Summer Revealed?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Over the recent summer period, NRMA Insurance reported an influx of claims linked to severe weather, with a record not seen since the autumnal months of 2022.
An overwhelming number of these, about 85%, have been ascribed to weather disturbances such as storms and hail, per the updated Wild Weather Tracker statistics.

Evidently, the summer became a difficult season for many Australians, with nearly half witnessing extreme climatic conditions. Record-breaking heatwaves, powerful storms, and persistent cyclones made their mark. Homes were significantly affected, with 13,817 insurance claims made, of which the majority were connected to harsh weather phenomena stemming from heated, moist air masses leading to torrential rains and catastrophic hail.

As the seasons transition, NRMA Insurance anticipates the incidence of intense thunderstorms equipped with considerable hail, torrential downpours, and fierce gales targeting the east coast. Metereologist Zac Segger from NRMA Insurance notes the heightened susceptibility of areas in southeast Queensland, eastern New South Wales, and eastern Victoria to these formidable weather patterns.

Segger highlighted the sudden and sometimes catastrophic emergence of wild weather, emphasizing the substantial damage it can impart in a remarkably short span of time. High-impact summer events included the likes of Cyclone Jasper and various subsequent storms and heatwaves, alongside bushfires primarily in Western Australia, marking Perth’s third hottest recorded summer season.

Natalie Major, EM Claims from NRMA Insurance, points to a study encompassing 3500 Australians, revealing that a mere 40% took preemptive actions to secure their homes against extreme weather episodes in the previous year. She stresses the importance of proactive measures such as clearing debris, cleaning gutters, pruning trees, and executing vital repairs to enhance resilience against severe climate events.

The wild summer weather instigated a sharp rise in claims within New South Wales for NRMA Insurance, soaring from spring's 3200 to 11,213, with 59% linked to severe weather impacts. The Hunter Valley, Central West, Baulkham Hills, Sydney, and Hawkesbury were among the predominantly affected zones.

Queensland too bore its share of adverse weather, reflected by a substantial hike in claims to 5110 from the preceding 383 in spring, with the Gold Coast facing the brunt, accompanied by Logan-Beaudesert and Wide Bay regions.

In the Australian Capital Territory, the numbers were equally telling, with claims amounting to 1954 related to home and motor issues caused by harsh weather, a dramatic upturn from the prior spring's 188.

Both individuals and communities are impelled to remain vigilant and prepared as these climate trends and patterns evolve, reinforcing the necessary precautions to mitigate damage and ensure safety.

Published:Wednesday, 27th Mar 2024
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Vero’s New Strata Product Signals a Shift in Cover Placement
Vero’s New Strata Product Signals a Shift in Cover Placement
27 Jun 2026: Paige Estritori
Vero has entered the residential strata market with a new nil-commission product, initially launching in Far North Queensland and Darwin before a planned national rollout. The move is significant for owners corporations, strata committees and managers because these northern regions are among the most challenging areas in which to secure affordable and suitable building cover. - read more
What Delta’s Digital Insurance Launch Means for Small Operators
What Delta’s Digital Insurance Launch Means for Small Operators
27 Jun 2026: Paige Estritori
Delta Insurance’s move onto Ebix Australia’s Sunrise Exchange is more than a technology update. For Australian small businesses, including domestic and home service operators, it points to a broader shift in how specialist insurance products are being accessed, compared and placed through the broker market. - read more
What Broker Growth Means for Personal Trainer Insurance
What Broker Growth Means for Personal Trainer Insurance
27 Jun 2026: Paige Estritori
New industry research has underlined just how central brokers have become to Australia’s general insurance market, with broker-placed business accounting for $35.6 billion in gross written premiums in the year to 30 June 2025. That represents about 46% of all general insurance written in Australia, within a total market of $77.9 billion. - read more
NEOS Underwriting Upgrade Points to Faster Cover Decisions
NEOS Underwriting Upgrade Points to Faster Cover Decisions
27 Jun 2026: Paige Estritori
NEOS has moved further into digital underwriting with the implementation of UnderwriteMe’s Decision Studio, a technology designed to improve how medical data is captured and assessed across its life insurance products. The development, announced in late June, reflects a broader shift in the Australian life insurance market: insurers are looking for faster, more consistent ways to assess applications without losing sight of fairness, accuracy and customer experience. - read more
New FY27 Property Outlook Signals a More Selective Market for Landlords
New FY27 Property Outlook Signals a More Selective Market for Landlords
27 Jun 2026: Paige Estritori
Domain’s latest FY27 housing market forecast, covered by Property Update on 25 June 2026, points to a more fragmented Australian property cycle than many landlords have faced in recent years. Rather than a broad national upswing, the outlook suggests performance will increasingly depend on city, dwelling type, affordability and local supply conditions. - read more


Life Insurance Articles

How Accidental Income Protection Insurance Can Provide Peace of Mind
How Accidental Income Protection Insurance Can Provide Peace of Mind
Accidental income protection insurance is a type of policy that provides financial support if you are unable to work due to an accident. Unlike regular income protection insurance, which can cover illnesses and injuries, this specific insurance focuses solely on accidents. - read more
Combining Financial Security and Affordability: Income Protection for Australians Explained
Combining Financial Security and Affordability: Income Protection for Australians Explained
Financial security is a cornerstone of peace of mind, particularly when life is known for its unpredictability. This introductory section sheds light on the vital nature of income protection insurance and its role in safeguarding Australians' financial well-being. Ensuring continual financial inflow during times of illness or injury not only offers stability but also protects one's standard of living. - read more
How to Avoid Common Mistakes When Filing an Insurance Claim
How to Avoid Common Mistakes When Filing an Insurance Claim
Filing an insurance claim in Australia can be a daunting process, especially if you are not familiar with the necessary steps and requirements. Claiming insurance is crucial when you need financial support, whether due to a natural disaster, accident, or another unexpected event. - read more
Income Protection Insurance: Understanding Waiting Periods and Benefit Periods
Income Protection Insurance: Understanding Waiting Periods and Benefit Periods
Income protection insurance is a financial product designed to support individuals in the event that they are unable to work due to illness or injury. This type of insurance provides a regular income, helping to replace a portion of lost earnings and meet daily living expenses. Virtually anyone earning an income, especially those with financial dependents or significant debts, should consider the peace of mind that income protection can offer. - read more
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Income protection is an integral part of maintaining your financial security, especially in the event that unforeseen illnesses or injuries prevent you from working. Enabling you to receive a percentage of your regular income, this type of insurance provides a safety net, ensuring that you can continue to cover your living expenses and financial obligations whilst recovering. - read more

Knowledgebase
Aggregate Limit:
The maximum amount an insurer will pay for all covered losses during a policy period.