Insurance Council of Australia's Whelan on Floods

Insurance Council of Australia's Whelan on Floods Play

Jan. 30 (Bloomberg) -- Robert Whelan, chief executive officer of the Insurance Council of Australia, talks about the latest flooding in the nation and its impact on the insurance industry. Floodwaters in eastern Australia crested and cleanup crews moved in as ex-tropical cyclone Oswald moved offshore after forcing thousands of people to flee their homes and causing millions of dollars of damage. Whelan speaks from Sydney with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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