Three years of floods and storms across Australia have cost insurers $12 billion (US$8.03 billion), as the latest disaster in the east coast state of New South Wales (NSW) claims a third life.
Search and rescuers found the body of a 19-year-old man in the Riverina town of Balranald on Wednesday, four days after he vanished while swimming in floodwaters.
It’s the third death this month linked to NSW’s flooding crisis after Ljubisa “Les” Vugec, 85, and Dianne Smith, 60, died when the central western town of Eugowra was devastated by floodwaters.
New data released on Wednesday showed more than 3500 insurance claims had been lodged due to the recent flooding in the NSW central west….