Insurance Online :: News
SHARE

Share this news item!

Australian Government Provides Income Support to Workers Affected by Cyclone Alfred

Financial Assistance Announced for Those Impacted by Severe Weather

Australian Government Provides Income Support to Workers Affected by Cyclone Alfred?w=400
The Australian government has announced financial support measures for workers affected by ex-Tropical Cyclone Alfred, which recently caused severe flooding, power outages, and property damage across Queensland and New South Wales.
This initiative aims to alleviate the financial burden on individuals who have lost income due to the cyclone's impact.

Prime Minister Anthony Albanese detailed that eligible workers who have experienced income loss as a result of the cyclone will be entitled to up to 13 weeks of financial assistance. This support aligns with the JobSeeker unemployment benefits scheme, providing A$778 fortnightly for individuals. Additionally, a one-time disaster payment of A$1,000 has been introduced to offer immediate relief to those in need.

The cyclone's aftermath has been significant, with over 230,000 households experiencing power outages and substantial flooding risks persisting despite an expected easing of weather conditions. Early insurance claims have already approached 3,000, with expectations of a surge as residents continue to assess the damage to their properties.

Historically, similar natural disasters have led to substantial insurance claims. For instance, Cyclone Jasper in 2023 resulted in A$409 million in claims, while Cyclone Tracy remains the most costly, with damages valued at A$7.4 billion in today's terms.

For affected individuals, it's crucial to promptly contact their insurance providers to initiate claims and understand the coverage available under their policies. Additionally, staying informed about government assistance programs and eligibility criteria can provide much-needed financial relief during the recovery process.

This government intervention underscores the importance of having comprehensive insurance coverage and being prepared for natural disasters. It also highlights the role of both public and private sectors in supporting communities during times of crisis.

Published:Tuesday, 7th Oct 2025
Source: Paige Estritori

Share this news item:

Insurance News

Australian Government Provides Income Support to Workers Affected by Cyclone Alfred
Australian Government Provides Income Support to Workers Affected by Cyclone Alfred
07 Oct 2025: Paige Estritori
The Australian government has announced financial support measures for workers affected by ex-Tropical Cyclone Alfred, which recently caused severe flooding, power outages, and property damage across Queensland and New South Wales. This initiative aims to alleviate the financial burden on individuals who have lost income due to the cyclone's impact. - read more
ASIC Takes Legal Action Against QBE Over Misleading Discount Practices
ASIC Takes Legal Action Against QBE Over Misleading Discount Practices
07 Oct 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding pricing discounts between July 2017 and September 2022. This legal action underscores the regulator's commitment to ensuring transparency and fairness in the insurance sector. - read more
Suncorp Achieves $1.49 Billion Profit and Initiates $262 Million Share Buyback
Suncorp Achieves $1.49 Billion Profit and Initiates $262 Million Share Buyback
07 Oct 2025: Paige Estritori
Suncorp, one of Australia's leading insurers, has reported an 8% increase in full-year cash earnings, reaching A$1.49 billion for the year ending June 30, 2025. This performance surpasses analyst expectations and underscores the company's robust financial health. - read more
ACCC Raises Competition Concerns Over IAG's Proposed Acquisition of RAC Insurance
ACCC Raises Competition Concerns Over IAG's Proposed Acquisition of RAC Insurance
29 Sep 2025: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The regulator warns that the deal could reduce competition in Western Australia's motor and home insurance markets, potentially leading to increased premiums and reduced service quality. - read more
IAG CEO Nick Hawkins Warns of Continued Insurance Premium Increases
IAG CEO Nick Hawkins Warns of Continued Insurance Premium Increases
29 Sep 2025: Paige Estritori
Nick Hawkins, CEO of Insurance Australia Group (IAG), has indicated that Australians should brace for continued increases in insurance premiums, although at a slower pace than in previous years. Speaking to The Business, Mr. Hawkins attributed the rising costs to inflationary pressures that have impacted both insurers and policyholders, with costs escalating across Australia and New Zealand. - read more


Insurance Articles

Starting Out: How to Pick the Right Insurance As a Young Professional in Australia
Starting Out: How to Pick the Right Insurance As a Young Professional in Australia
Welcome to the journey of safeguarding your future! As a young professional in Australia, you're likely juggling the demands of a burgeoning career with personal goals and financial responsibilities. Navigating the world of insurance is critical in creating a safety net around these aspirations. But why exactly is insurance a cornerstone for those entering the professional realm, and how do you discern which coverage best aligns with your unique pathway? - read more
Boat Insurance: How a Specialist Broker Can Save You Time, Money, and Hassle
Boat Insurance: How a Specialist Broker Can Save You Time, Money, and Hassle
Boating can be an enjoyable pastime, but it also comes with risks. From accidents to theft, unexpected events can take a toll on your finances and boat. This is where boat insurance comes in. Boat insurance provides financial protection in the case of accidents, theft, or other damage to your vessel. - read more
Business Insurance Essentials: What Every Australian Entrepreneur Should Know
Business Insurance Essentials: What Every Australian Entrepreneur Should Know
Running a business comes with its fair share of risks and challenges. From natural disasters to employee injuries, there's a lot that can go wrong. This is why having the right business insurance is crucial for any Australian entrepreneur. - read more
How to Compare Truck Insurance Policies in Australia: A Guide for Drivers
How to Compare Truck Insurance Policies in Australia: A Guide for Drivers
When it comes to navigating the sprawling roads of Australia, truck drivers bear a significant responsibility. Not only are they tasked with the safe transportation of goods across vast distances, but they must also protect themselves and their vehicles from the unforeseeable. This is where the crucial role of truck insurance comes into play, providing a safety net that can make all the difference in the face of adversity. - read more
Navigating Business Interruption Insurance: A Lifeline for SMEs
Navigating Business Interruption Insurance: A Lifeline for SMEs
Understanding the safeguards available to protect businesses during times of unexpected adversity is crucial, especially for Small and Medium-sized Enterprises (SMEs). Chief among these safeguards is business interruption insurance. This form of coverage is designed to offer financial assistance to businesses that endure losses due to unforeseeable disruptions. - read more


Your free insurance quote comparison starts here!
First Name:
Postcode:

All quotes are provided free (via our secure server) and without obligation. We respect your privacy.

Knowledgebase
Coinsurance:
A percentage of the cost of a covered healthcare service that you pay after you have paid your deductible.