SYDNEY: As Australia’s deadly bushfires rage, many companies are reporting hits to business with resorts shutting their doors, cheesemakers struggling to secure milk supplies and insurance claims on the rise.
As many as 5,850 fire-related insurance claims have been lodged since early November with insured losses estimated at A$375 million, according to the Insurance Council of Australia (ICA). However, with conditions still too dangerous in many areas, the full cost of the disaster is not expected to be known for several weeks.
The fires have ripped through more than 6 million hectares (14.8 mln acres) of land in the two most populous states of New South Wales (NSW) and Victoria, killing 24 people so far, razing thousands of buildings and leaving some towns without electricity and mobile coverage.
Aspen Group, which owns tourist parks in idyllic beach towns like Tomakin on the NSW south coast, said on Monday it has turned away holidaymakers from its rentals as a result of the fires and expects a hit of at least A$500,000 ($347,250) to its revenue.
“Fire activity along the NSW south coast has been catastrophic with significant loss of life, housing and infrastructure,” Aspen said in a statement.
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