RiskEvents
ClosedLow impactAI Generated

PERILS Updates Queensland/NSW Severe Convective Storm Loss to AU$2.943bn

Occurred 1 Nov 2025·Detected 27 May 2026·
🇦🇺 South East Queensland (Brisbane area) and New South Wales (Sydney), Australia's east coast2 reportsEnded 27 May 2026
Natural CatastrophePropertyMarine CargoEnergy

PERILS has issued its third industry loss estimate for the severe convective storms that struck Queensland and New South Wales between 21-27 November 2025, slightly reducing the total to AU$2.943 billion. The estimate is based on data from impacted insurers covering property and motor hull lines. Personal lines property accounts for 67% of losses, commercial property 21%, and motor 12%, with Queensland representing 91% of the total industry loss.

AI-generated from linked source reports. See our correction policy.

Impact verdict

Low impact. LOW: Downgraded by deterministic London Market impact gate. The source does not evidence a concrete London Market loss pathway such as named insured asset damage, port/waterway/airspace closure, vessel/cargo loss, sanctions asset action, claims/loss estimate, or market pricing impact.

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Affected countries

🇦🇺 Australia

Lloyd's classifications

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