The Insurance Council of Australia (ICA) has today declared a Significant Event for the severe bushfires that have been impacting Victoria since 7 January 2026.
The ICA's preliminary catastrophe processes have been activated, assisting the ICA and insurers to assess the insurance impact of these widespread bushfires.
Under a Significant Event declaration:
- The ICA commences its claims data collection, analysis, and reporting processes in consultation with members.
- ICA representatives work with government and agencies to understand impacts on the community and ensure affected residents receive assistance.
This event may be escalated to an Insurance Catastrophe if there is a significant increase in claim numbers or complexity, or in consultation with insurers.
This remains an unfolding emergency and insurers' priority is community safety. We strongly encourage all those impacted to put their safety first and adhere to evacuations orders.
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