Story perspectives
Insurers Restrict Small-Business Coverage Near Tobacconists
By Drooid · · How we work
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Story summary
- Australian insurers are refusing or limiting coverage for small businesses located near tobacconist retailers.
- Suncorp stopped offering new policies and renewals to tobacconist retailers.
- QBE evaluates each tobacconist-adjacent risk individually, affecting price, terms or availability.
- Over 200 firebombings have occurred at commercial and residential sites in Australia since 2023.
- A Melbourne firebomb destroyed a Richmond tobacco shop and about a dozen nearby stores, requiring 80 firefighters.