Deadly Australia Fires Spur Calls to Mitigate Disaster Risk
- Insurance industry confronts reality of climate change
- Financial hit from Australian bushfires likely to keep rising
This article is for subscribers only.
As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.
Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide claims of A$700 million ($480 million) are expected to mount.