The storm occurred outside the typical "storm season" which is taken to occur between September and March but is Australia's most expensive insured natural disaster to date with an estimated loss, in today's terms, of around AUD 5.6 billion. This surpasses recent extreme insured loss events such as Queensland's 2011 floods and the Black Saturday Bushfires of 2009 in Victoria. Severe storms, especially those that bring large hail, are among Australia's most costly forms of natural hazards.
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