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Catastrophe costs skyrocket

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The township of Yarloop is the latest to be affected in a nationwide string of catastrophes, with updated figures from the Insurance Council of Australia (ICA) revealing the combined cost of natural disasters since November 2015 to be more than $515 million. Insurance losses from the bushfires that moved through south-east Western Australia have passed $57 million from 616 claims, with the tally expected to rise as community and assessors gain access to properties in Yarloop. […]

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