Australia bushfires update: Forecasters fear 'mega blaze' along New South Wales

Around two thousand homes have been destroyed in the deadly Australian wildfires that hasripped more than 8 million hectares of land in New South Wales and Victoria. According to reports, the bushfires have wipedout 480 millionanimals, killing at least 25people.

• With temperatures rising due to the bushfires, forecasters fear morefires 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.

Watch:Australia Bushfires: Scott Morrison announces new recovery agency

(With Inputs from AFP)