Around two thousand homes have been destroyed in the deadly Australian wildfires that has ripped more than 8 million hectares of land in New South Wales and Victoria. According to reports, the bushfires have wiped out 480 million animals, killing at least 25 people.
- With temperatures rising due to the bushfires, forecasters fear more fires are expected which is likely to form a new “mega blaze” along the New South Wales border.
- The cloud of smoke caused by the wildfires was spotted as far as in Chile and Argentina.
- An estimated $485.59 million or more will be required to cover the damage caused by the catastrophic bushfires, as per the reports of Insurance Council of Australia.
- Australian Prime Minister Scott Morrison recently instituted ''National Bushfire Recovery Agency''.
- An insured loss of $375 million has been estimated as 5,850 fire-related insurance claims have been lodged since early November last year.
- PM Scott Morrison is set to meet insurance and bank executives to discuss the ongoing crisis.
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(With Inputs from AFP)