Insurance claims due to Australia’s worsening bushfire crisis have reached 8,500, totaling about $700 million. The average contents claims was about $50,000, while house claims were about $300,000, according to the Insurance Council.
Frydenberg said “the insurance companies have already lined up builders to start the rebuild process,” and that the companies “gave their guarantee” that they will “prioritise the use of local tradespeople,” The Sydney Morning Herald reported.
Tradies to lead bushfire recovery
“Local tradespeople in the communities that have been impacted because these communities need to rebuild and the more jobs that can be provided locally the better,” Frydenberg said.
Just this Monday, the federal government announced a $2 billion national bushfire recovery fund to support rebuilding efforts over the next two years after the current horror bushfire season, SMH said.
Source Insurance Business Magazine
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