As the royal commission into the disastrous bushfire season, dubbed Black Summer, rolls out, insurers are calling for reforms and government unity to help pave the way to fairer and more valuable policies for consumers.
It comes as the insurance bill for the Black Summer bushfires passes $5.19 billion, with more than 15,000 new claims lodged in the past month, amounting to a total of 288,100 claims since the blazes broke out. The figure has placed further financial strain on insurers who are already stretched amid the COVID-19 pandemic.
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