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Australia’s natural disasters bill hits $A5 billion in 2022, billions more to come

Australia Sydney McGraths Hill floods

Sydney, Australia Reuters Floods and natural disasters that hit all but one Australian state and territory in 2022 cost the economy $A5 billion and stoked inflation according to Treasury estimates which forecast billions more spending in 2023. Australia suffered four major bouts of flooding last year, with global reinsurer Munich Re estimating that February and […]