Cash is what most of those cyclone claims turned into. That's the finding ASIC put on the paper Monday. The Australian Securities and Investments Commission released a home-insurance review on Monday, 31 August. Cash settlements showed up in at least 63 percent of the final claims it sampled. IAG and Allianz each used a full or partial cash settlement in more than 80 percent of their files. The sample sat on Cyclone Jasper, which hit Far North Queensland in December 2023.