Jan 14 (Reuters) - Quite a lot of Australian firms have flagged damages or potential losses from bu
Jan 14 (Reuters) – Quite a lot of Australian firms have flagged damages or potential losses from bushfires, which have claimed the lives of 28 folks and destroyed greater than 2,500 properties, because the continent experiences probably the most extreme hearth seasons on file.
Here’s a checklist of firms, which have warned of an influence from one of many worst conflagrations in Australian historical past:
INSURANCE
** Insurer Suncorp Group SUN.AX has obtained greater than 2,600 bushfire-related claims since September, price as a lot as A$345 million, and practically a 3rd of which was racked up within the first few days of January.
** Australia’s largest basic insurer Insurance coverage Australia Group Ltd IAG.AX has incurred web declare prices of A$400 million from these pure disasters for the primary half of the fiscal yr.
AGRIBUSINESS
** Kangaroo Island Plantation Timbers KPT.AX, which personal 86% of the plantation…