Australian bushfire insurance losses surpass £500m
Insured losses resulting from bushfires ravaging the Australian states of New South Wales, Victoria, Queensland and South Australia are estimated to have reached A$995m (£524m), according to the Insurance Council of Australia.
The industry body’s loss estimates have risen sharply since Monday, when it put the insurance losses since 5 September at A$431m – a figure which has now more than doubled.
Fires continue burn across
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