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Sydney Hailstorm
by Malcolm Steingold, George Walker
During the early evening of 14 April 1999 a severe hailstorm swept north across the eastern edge of Sydney causing extensive damage to homes, businesses and vehicles. Hailstones up to 7 cm in diameter were reported. Current estimates (7 May 1999) by the Insurance Council of Australia - www.ica.com.au – put the insured losses at over one billion Australian dollars (US$650 million). It is the most costly hailstorm in Australian insurance history, easily exceeding the March 1990 Sydney hailstorm which cost the insurance industry an estimated A$385 million at current values. It is expected to become the largest insured loss from a single event in Australian insurance history, a record currently held by the December 1989 Newcastle Earthquake, for which the estimated insured loss in current values is A$1.1 billion.
The full paper has been published in Adobe Acrobat format. If you already have Adobe Acrobat installed, click here to view the paper. (65Kb)
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