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AAP

National

Luke Costin

Teen's body found, flood cost hits $12b

Flood New South Wales Insurance

A third person's body has been found and the damage bill is mounting in the NSW flooding disaster. (Lucy Cambourn/AAP PHOTOS) (AAP)

Three years of floods and storms across Australia have cost insurers $12 billion, as the latest disaster in 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.

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