Australia’s Extreme Weather Costing $1.8 Billion in Insured Losses

The costliest event so far this year has been ex-Tropical Cyclone Alfred, with over 125,000 claims lodged and insured losses exceeding $1.36 billion.

Bowman Parade in the suburb of Bardon is flooded in Brisbane, Australia, on March 9, 2025. Albert Perez/Getty Images

Australia’s extreme weather events have caused more than $1.8 billion (US$1.2 billion) in insured losses in the first half of 2025, new figures from the Insurance Council of Australia (ICA) show.

The costliest event so far has been ex-Tropical Cyclone Alfred, with over 125,000 claims lodged and insured losses exceeding $1.36 billion.