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Economic recovery after disaster strikes

This report examines three severe natural hazard events in Australia between 2019 and 2020: the Townsville floods, Black Summer bushfires, and East Coast hailstorms. Events of this kind are becoming increasingly common and present a real challenge for communities across the country. Natural hazard related disasters damage and destroy homes, business premises, vehicles and essential infrastructure. They also destroy crops and physical capital, close businesses, and disrupt normal economic production as workers cannot get to work or access required materials, leaving factories to sit idle. This report considers what role insurance played in restoring local economic activity and reducing the longterm impacts of these disasters.
Author: SGS Economics and Planning
Language: English
Pubished By: SGS Economics and Planning
Pubished date: January 2021

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