Insured losses from Cyclone Debbie rise to A$410m: ICA
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$410 million (approximately $310 million) as of April 6, 9:00 AM local time.
The organisation said in a statement that insurers have received 35,370 claims from policyholders across Queensland and New South Wales so far.
Cyclone Debbie made landfall on March 28 in Queensland, Australia as a Category 4 severe tropical cyclone, and was declared a 'catastrophe' by ICA.
The ICA said earlier that a level of catastrophe similar to the one caused by Cyclone Debbie has not been seen since ex-Tropical Cyclone Oswald in 2014, when storms and flooding affected large parts of Queensland and NSW and caused insurance losses of almost A$1.2 billion.
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