Cyclone Debbie insured losses rise to A$1.74bn

Insured losses across Queensland and New South Wales from tropical cyclone Debbie have reached A$1.74 billion ($1.33bn), according to the final estimate released by PERILS.

This compares to the third loss estimate of A$1.66 billion, which was issued by the Zurich-based catastrophe data provider in September last year, six months after the event.

Debbie made landfall on March 28 in Australia as a Category 4 severe tropical cyclone, and was declared a 'catastrophe' by the ICA. It caused significant wind and flood damage across the area.

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