An ‘Insurance Catastrophe’ was declared yesterday by the Insurance Council of Australia.

More than 9000 insurance claims have already been lodged due to ex-Tropical Cyclone Alfred as of midday today.

CEO of the Insurance Council of Australia, Andrew Hall, told Gary Hardgrave on 4BC Drive, "This only come comes about when we can see claims getting up to very high levels and around 9000 claims in a couple of days already."

"But that's climbing quickly because people are getting back to their properties and realizing they've got damage."

"I think this weather event that we're living through at the moment here in South East Queensland is exactly the sort of opportunity we've got to just get on top of and not do the definition of insanity, do the same thing and hope for a different outcome," Mr Hall continued. 

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