(Bloomberg) — Losses from wildfires that destroyed more than 100 homes along a popular tourist stretch in southeastern Australia more than doubled in two days to A$53 million ($38 million) and are expected to climb further, the Insurance Council of Australia said.
Bushfires that swept areas along the Great Ocean Road in Victoria state on Christmas Day forced residents and holidaymakers to flee and destroyed 116 residences, before cooler weather and heavy rain slowed their spread, according to the Australian Broadcasting Corp. No casualties were reported.
Prime Minister Malcolm Turnbull, touring Wye River where 98 houses were leveled, lauded the efforts of firefighters in limiting the number of homes lost and warned of further risks ahead.
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