Melbourne storms keep claims paying under scrutiny
The freak hailstorms which hit Melbourne on Christmas Day will push Australia’s total insured loss bill for 2011 through the A$4.5bn ($4.65bn) barrier, more than double the tally of the previous year, as the sector’s regulator prepares to closely monitor the industry’s response to the country’s latest natural catastrophe with many carrier’s claims-processing capabilities still under heavy public scrutiny.