Australian Insurance Stocks In Focus After Storms Hit East Coast.

Australia's insurance stocks may face further decline after severe weather hit the east coast during the holidays. The storms have caused two deaths and significant damage to homes and infrastructure. The Insurance Council of Australia is still assessing the cost of the damage. This comes after a challenging December for Australian insurers, with flooding in Queensland impacting their performance. The storms are expected to continue, but there is a possibility that the activity will subside in the afternoon. [Extracted from the article]