Ex-Tropical Cyclone Alfred could cost the economy billions of dollars | The Business | ABC News скачать в хорошем качестве

Ex-Tropical Cyclone Alfred could cost the economy billions of dollars | The Business | ABC News

The prime minister has called on insurance companies "to do the right thing" and "make payments in a speedy and effective way" to households and businesses affected by ex-Tropical Cyclone Alfred. Anthony Albanese said they" have a social licence." The Insurance Council of Australia says there has been more than 9,000 insurance claims so far. S&P Global Ratings says similar events in the past suggest insured losses from ex-Tropical Cyclone Alfred could be more than $2 billion. The insurance bill of the floods in 2022 was $6.4 billion. ICA chief executive Andrew Hall says he's expecting a "raft of claims that won't just be property damage. It will also be car damage, and... a lot of commercial claims." Businesses are assessing the damage and trying to reopen in some of the flood affected communities, incluldng Lismore. The prime minister announced support for eligible workers and sole traders, who have lost income as a direct result of ex-Tropical Cyclone Alfred. He said workers in 31 local government areas in south-east Queensland and NSW will be able to access up to 13 weeks of income support. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on X (Twitter):   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia