21 April 2018

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Debbie losses rise to $825mn

12 June 2017

Loss compilation agency Perils has estimated insured losses from Tropical Cyclone Debbie, which affected Australia's Queensland and New South Wales states in late March/early April, at A$1,116mn ($825mn).

The weather system, which made landfall in Australia on 28 March, caused significant wind and flood damage across southeast Queensland and northeast New South Wales.

The Perils estimate is its first for a loss event in Australia after the company launched its exposure database for the country six months ago.

The cyclone...

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