London Market could be hit with more catastrophe claims

Lost adjusting firm Crawford says it is bracing for more large-scale claims in Queensland, as Cyclone Yasi makes landfall.

The Category 5 storm is currently battering Queensland’s far north coast with winds in excess of 300 kilometres per hour.

The storm cell made landfall between Innisfail and Cardwell at approximately midnight Australian Eastern Standard Time (AEST).

At present, 90,000 homes have lost power but Queensland authorities have said there is no report on the extent of damage as worst of the storm is yet to come.

Crawford’s Australian office has implemented its catastrophe plan in readiness for this event. Additional loss adjusters have been sourced from the US.