Nifty 50 Stocks List :Australian Insurance Now

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Rummy East Kerala Blasters VS East Bengal East West North South

Focus Is on Australian Insurance Stocks Following East Coast Storms

Nifty 50 Stocks List :Australian Insurance Now

Nifty 50 Stocks ListPenny Stocks 52 Week Low Stocks Adani Stocks
Nifty 50 Stocks List Penny Stocks 52 Week Low Stocks Adani Stocks

 

(Source: Bloomberg) After severe weather battered Australia’s east coast over the holidays, the country’s insurance stocks may see further weakness when trading resumes on Wednesday.

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As of Tuesday, local media reported that two people had died from injuries caused by powerful winds, flooding, and storms that also damaged homes and infrastructure.

afternoon. According to an email from a spokesperson, the Insurance Council of Australia is currently estimating the cost of the damage.

After a tropical cyclone just a week ago caused life-threatening flooding in Queensland, the wild weather has made December a nightmare for Australia’s insurers. Both QBE Insurance Group Ltd. and Insurance Australia Group Ltd.

Penny Stocks

Nifty 50 Stocks ListPenny Stocks 52 Week Low Stocks
Nifty 50 Stocks List Penny Stocks 52 Week Low Stocks

 

have experienced monthly declines of over 4%, lagging behind both the country’s benchmark S&P/ASX 200 Index and worldwide peers.

According to Angus Hines, a senior meteorologist at the Bureau of Meteorology, who spoke with Australian Broadcasting Corp. on Tuesday, parts of Australia most likely experienced their wettest Christmas on record and are still experiencing a “extensive thunderstorm outbreak” caused by warm coastal waters.

According to Hines, storms are probably going to last through Wednesday. Once the afternoon’s peak threat has passed, there’s a chance “we will start to see some of that activity subside,” he said.

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