Teen’s Body Found, Flood Cost Hits $12 Billion

A pub is inundated by water during flooding in the suburb of Maribyrnong in Melbourne, Australia, on Oct. 14, 2022. William West/AFP via Getty Images

Three years of floods and storms across Australia have cost insurers $12 billion (US$8.03 billion), as the latest disaster in the east coast state of New South Wales (NSW) claims a third life.

Search and rescuers found the body of a 19-year-old man in the Riverina town of Balranald on Wednesday, four days after he vanished while swimming in floodwaters.