I wonder if the £150 billions figure caught your attention.
Reeves problem is peanuts in comparison.
My Aviva shares took a hit this week, and Aviva is only partially hit by potential claims.
Maybe they should stop insuring for fire in tinder box areas where people have wooden houses.
NONE of this is new. I posted clear evidence about it above.
1851 - Pre global warming
"Australia's hot, arid climate and wind-driven bushfires were a new and frightening phenomenon to the European settlers of the colonial era. The devastating Victorian bushfires of 1851, remembered as the
Black Thursday bushfires, burned in a chain from
Portland to
Gippsland, and sent smoke billowing across the
Bass Strait to north west Tasmania, where terrified settlers huddled around candles in their huts under a blackened afternoon sky.
[9]: 386–387 The fires covered five million hectares, around one quarter of what is now the state of Victoria. Portland, Plenty Ranges, Westernport, the Wimmera and Dandenong districts were badly hit, and around twelve lives were recorded lost, along with one million sheep and thousands of cattle.
[16]
I expect that like me you are old enough to remember 1940s and 1950s western films about bush fires in the old wild west. Can't you recall the fields of corn burning and barns and horses screaming? Maybe not. Some people have non functioning memory.