Tim Grafton: Insurance Council Chief discusses just over a third of 2023 climate claims being settled

Insurance claims from the recent weather events have reached $2.47 billion.

Insurers have so far paid out about 15 percent of claims.

EQC’s insurance expenses were $359 million for the eight months ending February 28, up from $235 million a year earlier.

Insurance Council Chief Executive Tim Grafton told Kerre Woodham they've made a good start, but most payments have been for vehicles, not houses.

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