Extreme weather losses behind five-fold rise in insurers’ claims levels

Australia’s private sector insurers grappled with slow premium growth during the twelve months period ending June 2008. Underwriting profits, not surprisingly, were down sharply as a result of the increased claims experience

Australia’s private sector insurers grappled with slow premium growth during the twelve months period ending June 2008. Underwriting profits were down as a result of sharply increased claims,.