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The Insurance Council of Australia says insurance adjusters have started to enter towns in Queensland affected by raging flood from cyclone Oswald.

The Insurance Council of Australia says insurance adjusters have started to enter towns in Queensland affected by raging flood from cyclone Oswald.

Catlin's Seaview Survey shows that coral reefs, the first defense against coastal storm surges, are vanishing. Catlin is sponsoring the Survey to better understand the changes occurring to the planet so better decisions can be made about how to insure developing risks.

Catlin's Seaview Survey shows that coral reefs, the first defense against coastal storm surges, are vanishing. Catlin is sponsoring the Survey to better understand the changes occurring to the planet so better decisions can be made about how to insure developing risks.

Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.

Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.

February was a costly and deadly month around the globe with more than 800 deaths and economic losses totaling well over $1 billion, says an Aon Benfield report.

Insured losses from Australias catastrophe-filled 2011 have now topped $4.3 billion, according to the Insurance Council of Australia.