Hotel Insurance Online :: News
SHARE

Share this news item!

PERILS Revises Loss Estimate for November 2025 Storms in Queensland and NSW

Insurance Industry Faces AU$2.95 Billion in Claims from Severe Weather Events

PERILS Revises Loss Estimate for November 2025 Storms in Queensland and NSW?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.

In a recent update, catastrophe data provider PERILS has increased its insurance industry loss estimate for the severe convective storms that struck Queensland and New South Wales between November 21 and 27, 2025.
The revised estimate now stands at AU$2.95 billion, marking an 11% rise from the initial figure of AU$2.663 billion released in January 2026.

The storms, which impacted a vast region from Brisbane to Sydney, brought large hail, damaging winds, and intense rainfall. The most significant event occurred on November 24 in South East Queensland, where hailstones up to 14 cm in diameter caused extensive damage to properties and vehicles, and disrupted power supply to approximately 160,000 homes and businesses.

PERILS' updated estimate encompasses losses from both property and motor hull lines of business, based on data collected from affected insurers. This substantial increase underscores the severity of the storms and the financial burden on the insurance sector.

For truck operators and logistics businesses, these events highlight the critical importance of comprehensive insurance coverage. Severe weather can lead to significant operational disruptions, vehicle damage, and financial losses. Ensuring that insurance policies adequately cover such risks is essential for maintaining business continuity.

As climate patterns continue to evolve, the frequency and intensity of such severe weather events may increase. Truck operators are advised to regularly review their insurance policies, assess their risk management strategies, and consider additional coverage options to safeguard against future incidents.

Staying informed about industry developments and collaborating with experienced insurance brokers can help businesses navigate the complexities of insurance coverage and ensure they are adequately protected against unforeseen events.

Published:Sunday, 1st Mar 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Western Australia's Transport Sector Pushes for Enhanced Truck Licensing Standards
Western Australia's Transport Sector Pushes for Enhanced Truck Licensing Standards
17 Mar 2026: Paige Estritori
Western Australia's transport industry is urging the state government to implement more stringent heavy vehicle licensing requirements, aiming to bolster road safety and ensure drivers possess adequate experience. This initiative follows South Australia's recent reforms, which introduced tougher conditions for truck drivers after a tragic triple fatality in 2024. - read more
Aon's 2026 Report Highlights Escalating Climate Risks for Australian Businesses
Aon's 2026 Report Highlights Escalating Climate Risks for Australian Businesses
17 Mar 2026: Paige Estritori
Aon plc, a leading global professional services firm, has released its 2026 Climate and Catastrophe Insight report, shedding light on the escalating climate-related risks facing Australian businesses. The report indicates that insured catastrophe losses in Australia totaled an estimated US$2.9 billion in 2025, underscoring the growing financial impact of climate events on the insurance sector. - read more
Navigating Rising Premiums and Cybersecurity Risks in Australia's Insurance Sector
Navigating Rising Premiums and Cybersecurity Risks in Australia's Insurance Sector
16 Mar 2026: Paige Estritori
As we progress through 2026, Australia's insurance industry is grappling with significant challenges that are reshaping the landscape for both insurers and policyholders. Two primary concerns have emerged at the forefront: the affordability of premiums and the escalating threat of cyber incidents. - read more
Introducing Backd: Affordable Insurance for Casual and Contract Workers
Introducing Backd: Affordable Insurance for Casual and Contract Workers
15 Mar 2026: Paige Estritori
In a significant move to address the insurance needs of Australia's growing casual and contract workforce, TAL has partnered with global insurtech company Cover Genius to launch Backd. This innovative digital-only insurance product aims to provide accessible and affordable life and income protection coverage to workers who have traditionally faced challenges in obtaining such protection. - read more
Zurich's Home Loan Protection: Tailored Insurance for Mortgage Holders
Zurich's Home Loan Protection: Tailored Insurance for Mortgage Holders
15 Mar 2026: Paige Estritori
Zurich has unveiled its Home Loan Protection (HLP) product, a new insurance offering that combines life and income protection benefits tailored specifically for mortgage holders. This innovative cover automatically adjusts its premiums as the insured's mortgage balance decreases, ensuring that policyholders are only paying for the coverage they need. - read more


Hotel Insurance Articles

The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
Risk assessment is a fundamental process in evaluating potential exposure to financial losses and liabilities in the hospitality industry. It involves identifying, analyzing, and evaluating risks that could impact hotel operations. By understanding these risks, hotel operators can tailor their insurance policies to provide comprehensive coverage and mitigate potential payouts. - read more
Claims Made Simple: What to Expect When Filing Hotel Insurance Claims
Claims Made Simple: What to Expect When Filing Hotel Insurance Claims
Running a hotel is a complex operation that involves many moving parts. From welcoming guests to maintaining the property, there's a lot to manage. One critical aspect that often flies under the radar is hotel insurance. This form of insurance plays a crucial role in safeguarding your business from unforeseen events that could disrupt operations or impact your financial health. Whether it's damage from natural disasters or unexpected liabilities, insurance is your safety net. - read more
The Role of Training in Minimising Liability for Hotel Operators
The Role of Training in Minimising Liability for Hotel Operators
Operating a hotel is not just about offering great services and hospitality. It also involves understanding and managing various types of liability risks. Liability in the hospitality industry can arise from numerous situations, and being unaware of these can potentially expose hotel operators to significant legal issues and financial losses. - read more
A Cybersecurity Guide for Hotel Operators
A Cybersecurity Guide for Hotel Operators
With an ever-expanding digital landscape, the importance of robust cybersecurity measures in the hospitality industry cannot be overstated. As technology continues to evolve, so too do the threats that target the vulnerabilities within hotel systems. This has made cybersecurity a top priority for hotel operators. - read more
The Role of Business Interruption Insurance in Sustainable Hotel Operations
The Role of Business Interruption Insurance in Sustainable Hotel Operations
Business interruption insurance is a policy that covers the loss of income a business suffers after a disaster. While property insurance covers the physical damage to a business, business interruption insurance covers the profits that are lost. It ensures that a company's revenue stream can continue even if its operations are halted due to unexpected events. - read more


Your free hotel insurance quote comparison starts here!
First Name:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.