Homeowners insurance rates spike following last year’s bushfires

Tasmania Brushfires homeowners insurance

The cost of coverage has soared in Tasmania after the massive disaster of last summer. The massive bushfires in Tasmania that made headlines throughout the summer season, last year, are now having an impact – quite a dramatic one, in fact – on the prices that are being paid for homeowners insurance coverage. Property owners in the Tasmanian region are now seeing considerable increases at the start of this summer. In fact, the homeowners insurance premiums in Tasmania are now rising far higher than people in Western Australia and Victoria,…

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Insurance news from Australia shows surprising spending of disaster payouts

insurance news

Many victims are using their funds to help to pay their vet bills for pet care. A recent insurance news report has shown that the disaster emergency fund payments are being spent in ways that were not expected, as data indicates that thousands of policyholders are spending half of the money they collect on veterinary bills. The statistics were collected through cumulative figures generated by emergency fund debit card use. In order to help disaster victims as quickly as possible, the insurance news reported, insurers have been issuing debit cards…

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Insurance news from Australia shows growing fire damage

insurance industry news bush fire

Warnings have been issued as the flames from the wildfires continue to spread in Tasmania. The latest insurance news from Australia is that the insurers in the country are now issuing warnings to businesses and homeowners in order to be vigilant with their coverage as the wildfires continue to rage their way throughout the island state. The heat wave conditions continue to sizzle throughout the region, giving no respite from the fires. Rob Whelan, the chief executive of the Insurance Council of Australia, has stated that the continuing stream of…

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