Economic recovery after disaster strikes – volume two: When communities face flood, fire and hail
9 Mar 2021
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Three economies impacted by recent natural disasters had an estimated $4.0 billion economic boost from insurance claims and recovery activity. The Townsville floods, Black Summer bushfires, and East Coast hailstorms across multiple states had a devastating – and potentially permanent – effect on local economic activity.
This report considers what role insurance played in restoring local economic activity and reducing the longterm impacts of these natural disasters.
