Australian bushfire losses top A$1.65bn as experts warn of further climate-related cats

Bushfire, Australia. Credit: iStock/JohnCrux

The insured cost of the Australian bushfires has now topped A$1.65bn based on claims from more than 25,000 insurance policies, according to the Insurance Council of Australia (ICA). The insurer body says that approximately 95% of buildings affected are insured, with a median building sum insured of A$343,241. According to the ICA’s latest update, some 16,011 policies contain, or are…

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