Business Daily Media

The Times

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A crisis of underinsurance threatens to scar rural Australia permanently

  • Written by Chloe Lucas, Postdoctoral Research Fellow, Geography and Spatial Sciences, University of Tasmania
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Australia is in the midst of a bushfire crisis that will affect local communities for years, if not permanently, due to a national crisis of underinsurance.

Already more than 1,500 homes have been destroyed – with months still to go in the bushfire season. Compare this to 2009, when Victoria’s “Black Saturday” fires claimed...

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