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A resident paddles a kayak to commute in the Sydney, Australia, on July 6, 2022. - Thousands of Australians were ordered to evacuate their homes in Sydney as torrential rain battered the country's largest city and floodwaters inundated its outskirts. Muhammad Farooq/AFP via Getty Images
Australian insurers are bracing for a surge of flood insurance claims as heavy rains and flooding begin to recede in parts of New South Wales (NSW).
According to the Insurance Council of Australia’s latest data, NSW residents have so far lodged 8,415 claims, an increase of around 28 percent compared to figure released on July 7.
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
