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STORM BILL TOPS $300-MILLION

STORM BILL TOPS $300-MILLION

Insurance Australia Group has been left with a $300-million bill following last week’s devastating storms.

The insurer behind NRMA Insurance and CGU says the storm, which caused widespread damage to the Hunter and Central Coast, will cost it $250-million in claims to customers.

Saturday’s sudden hail storm in Sydney is also likely to cost the general insurer $50-million.

Meanwhile Ausgrid crews are still working to restore power to 5,500 homes in the Hunter and 2,000 homes across the Central Coast.

About Renee Fedder

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Renee Fedder is a journalist and web producer for NBN News in Newcastle. She has worked for the company for the past three years, since completing a Bachelor of Communication at the University of Newcastle.

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