Wednesday, January 26th, 2011 — Australia’s floods will be a major catastrophe loss, that much is clear. But it is not entirely clear yet how large an impact the events will have on global supply chains. It gets tricky trying to estimate what sorts of insured losses have occurred after a flood event. It’s even trickier trying to analyze your flood risk ahead of time, unlike earthquake and hurricane exposure, where you can model what your one-in-10-year loss potential is, or your one-in-100 year.