Farm Insurance :: 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

NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
05 Oct 2025: Paige Estritori
In a significant shift within the Australian insurance landscape, NRMA has announced its withdrawal from the farm insurance sector, ceasing the sale of new policies as of July 1, 2025. This decision leaves many farmers seeking reliable alternatives to safeguard their livelihoods. - read more
Diversification Drives New Insurance Needs for Australia's Small Farms
Diversification Drives New Insurance Needs for Australia's Small Farms
26 Sep 2025: Paige Estritori
In the evolving landscape of Australian agriculture, small commercial farms are increasingly diversifying their operations to enhance income and sustainability. This shift, while offering economic benefits, introduces new complexities in risk management and insurance coverage, presenting both challenges and opportunities for insurance brokers. - read more
Satellite Technology Revolutionizes Crop Insurance for Australian Farmers
Satellite Technology Revolutionizes Crop Insurance for Australian Farmers
26 Sep 2025: Paige Estritori
In a significant advancement for Australian agriculture, Insurance Facilitators (IF), a family-owned underwriting agency, has introduced a data-driven crop insurance solution leveraging satellite technology. This innovative approach aims to address longstanding challenges in the industry, including premium leakage and risk accumulation, by providing more accurate and efficient risk assessments. - read more
ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Comparisons
ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Comparisons
25 Sep 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more
Surge in Farm Impact-Related Claims Raises Safety Alarms
Surge in Farm Impact-Related Claims Raises Safety Alarms
25 Sep 2025: Paige Estritori
WFI Insurance has reported a significant 44% increase in farm impact-related claims over the past year, marking the highest level in four years. This surge includes incidents such as vehicle crashes and crush injuries, with approximately 1,800 claims related to farm vehicle accidents, including those involving quad bikes and side-by-side vehicles (SSVs). Many of these incidents have resulted in severe injuries, including fractures and head trauma. - read more
Rising Insurance Premiums for Farm Machinery Amidst Increasing Extreme Weather Events
Rising Insurance Premiums for Farm Machinery Amidst Increasing Extreme Weather Events
25 Sep 2025: Paige Estritori
Australian farmers are grappling with a significant rise in insurance premiums for farm machinery, driven by the increasing frequency and severity of extreme weather events. Some farmers have reported that their insurance bills have more than doubled over the past few years, with annual premiums exceeding $100,000. - read more



Farm Insurance Articles

Top 10 Ways Australian Farmers Can Slash Insurance Costs Without Risking Coverage
Top 10 Ways Australian Farmers Can Slash Insurance Costs Without Risking Coverage
Welcome to our definitive guide for Australian farmers on managing one of the most crucial aspects of their business: insurance. As a cultivator of the land, you're no stranger to the unpredictability of nature and the market. From intense weather events to fluctuating market demands, your line of work comes with its unique set of risks. Hence, safeguarding your livelihood with the right insurance is not just important—it's essential. - read more
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
The agricultural sector in Australia carves a significant portion of the country's economy, contributing to its GDP and providing employment across rural and suburban areas. Thus, navigating the complexities of agribusiness is not just a matter of crop cultivation and livestock management, but also of understanding the intricate web of liability risks that come with the terrain. - read more
The Impact of Weather on Farm Insurance Rates: What You Should Know
The Impact of Weather on Farm Insurance Rates: What You Should Know
Farming in Australia is a dynamic venture that requires careful planning and management. One of the crucial aspects every Australian farmer should consider is farm insurance. It provides a safety net against potential financial losses arising from various risks. These include natural disasters, damage to crops, livestock issues, and accidents on the farm property. - read more
The Farmer's Handbook to Quick and Effective Insurance Claims
The Farmer's Handbook to Quick and Effective Insurance Claims
Insurance is a vital part of safeguarding any farming operation. As a farmer, protecting your property, equipment, and livelihood from unexpected events like natural disasters, theft, or accidents is crucial. Adequate insurance coverage ensures that you can recover quickly from setbacks without enduring overwhelming financial strain. - read more
Is Your Farm Under-Insured? Tips for Assessing Bushfire Insurance Adequacy
Is Your Farm Under-Insured? Tips for Assessing Bushfire Insurance Adequacy
The threat of bushfires looms large over the vast expanses of rural Australia, shaping the reality of farming in this sunbaked landscape. The risk, always present, escalates as the climate warms and dry conditions persist. It's not a matter of if, but when the land will be tested by fire's wrath. In this environment, the armor of insurance isn't just recommended; it's critical for survival. - read more
5 Key Types of Farm Insurance Policies for Australian Farmers
5 Key Types of Farm Insurance Policies for Australian Farmers
As an Australian farmer, understanding the necessity of farm insurance is crucial to protecting your livelihood. The agricultural sector is inherently fraught with risks, ranging from natural disasters to the unpredictable market. Farm insurance serves as a vital safety net, safeguarding your farm's infrastructure, crops, livestock, and more. - read more

Need a Quote?
Start your free farm insurance quote comparison here.
Farm Type:
Postcode:
All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
No-Fault Insurance:
A type of car insurance where your insurer pays for your damages regardless of who is at fault in an accident.