Insurers promise to act quickly to help bushfire victims

Insurers promise to act quickly to help bushfire victims whose homes have been destroyed as claims hit $700million Insurers have promised to act quickly on claims made by bushfire victims  Companies told to prioritise tradues when they start paying out for rebuilds Industry bosses met with Treasurer Josh Frydenberg in Canberra on Tuesday 

By Australian Associated Press

Published: 03:45 GMT, 7 January 2020 | Updated: 03:57 GMT, 7 January 2020

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Industry bosses met with Treasurer Josh Frydenberg in Canberra on Tuesday

Industry bosses met with Treasurer Josh Frydenberg in Canberra on Tuesday

Insurers have promised to act quickly on claims made by bushfire victims, with companies told to prioritise local tradespeople when they start paying out for rebuilds.

Industry bosses met with Treasurer Josh Frydenberg in Canberra on Tuesday.

'We recognise the insurance companies are a major part of the rebuild process,' Mr Frydenberg told reporters.

Insurance claims from Australia's worsening bushfire crisis have climbed to $700 million, with more than 8500 claims made since September.

About 20 per cent of the claims have been assessed, with half of those already settled.

Contents claims have been about $50,000, with average house claims about $300,000.

Mr Frydenberg said insurers were already getting builders lined up but the government wanted them to focus on using local tradies.

'These communities need to rebuild and the more jobs that can be provided locally the better,' he said.

'And the companies gave their guarantee that they will do that.'

Companies have

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