Newcastle business insurance rejected over nearby tobacconist's risk of fire bombings by criminal groups.

A Newcastle business owner struggled to renew their insurance due to concerns about a nearby tobacconist becoming a target for fire bombings by organized crime involved in the illegal tobacco trade. The insurer rejected the application, citing the risk of criminal activity despite the owner's claimless record. The rejection stems from a surge in the black market for tobacco and vapes, valued at over $2 billion annually, leading to nearly 200 fire bombings across Australia, including 14 in New South Wales.

November 24, 2024
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