How you can save on insurance after string of catastrophes

From bushfires to hailstorms and flooding, it was the most destructive and the most expensive summer on record for insurance companies.

How you can save on insurance after string of catastrophes

Six catastrophic events in five months have left insurers with a $4.6 billion bill that continues to grow.

From bushfires to hailstorms and flooding, it was the most destructive and the most expensive summer on record for insurance companies and home owners are set to be hit with higher premiums as a result.

New figures from the Insurance Council of Australia show the cost of disasters from September last year to the extraordinary flooding event in February has already resulted in more than $4.6 billion worth of claims.

The most recent bushfires alone resulted in an estimated $2.26 billion in losses – the insurance industry has already paid out $1.4 billion.

But the flipside is those insurers most exposed to the horror summer will look at recouping some of their costs.

Insurance Council of Australia chief Rob Whelan has told a parliamentary committee hearing most of the 242,000 claims were for damage, destruction of family homes, cars and belongings.

"This was the worst natural disaster season on record," he said on Tuesday.

Insurers have supplied $1.4 billion in repairs, rebuilds, new contents, cash settlements and financial support in bushfire-hit areas.

Images of thousands of people fleeing flames and trapped on the shores of Mallacoota were spread worldwide at the start of the year.

Mr Whelan says an air force flight was organised so insurers and damage assessors could access the cut-off town.

"They borrowed cars from locals, looked at more than 100 homes and businesses, and provided one-on-one guidance to their customers," he said.

While insurers are still able to provider services in the midst of the coronavirus pandemic, having staff working from home and call centres closed has increased response times.

About 3000 claims regarding loss of rental income are currently being assessed.

The Insurance Council's head of risk and operations Karl Sullivan said pursuing tenants for unpaid rent was a matter for individual insurers.

Source : 9 News More   

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Golf club and sledgehammer allegedly used in fight which left man fighting for life

A golf club and a sledgehammer were allegedly used in a fight which has left an Adelaide man with life-threatening head injuries.

Golf club and sledgehammer allegedly used in fight which left man fighting for life

A golf club and a sledgehammer were allegedly used in a fight which has left an Adelaide man with life-threatening head injuries.

Witnesses told 9News the weapons were involved in the brawl between two men, aged 49 and 46, in the northern suburb of Elizabeth South this afternoon.

The 49-year-old was rushed to hospital by paramedics.

The other man, whose house he was visiting, has now been arrested.

He is expected to be charged with aggravated assault causing serious harm.

https://twitter.com/LucyHinton_9/status/1255006988435480576?ref_src=twsrc%5Etfw

He was expected to be refused police bail and will front the Elizabeth Magistrates Court tomorrow.

Police are looking for witnesses to the fight, at Underdown Rd.

Source : 9 News More   

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