Losses from wildfires that destroyed more than 100 homes along a popular tourist stretch in southeastern Australia more than doubled in two days to A$53 million ($38 million) and are expected to climb further, the Insurance Council of Australia said. …
The Insurance Council of Australia (ICA) has declared a Catastrophe for areas of Victoria’s Great Ocean Road region affected by Christmas Day bushfires. ICA CEO Rob Whelan said the declaration enabled the insurance industry to escalate its response to assist …
Survivors of one of Australia’s deadliest wildfires are to be awarded nearly A$500 million (US$467.5 million) in a class action settlement reached Tuesday, the largest such compensation in the nation’s history. The fire, which killed 119 people, was the biggest …
