Tropical cyclone Debbie costs reach A$1.4bn

The loss estimate for tropical cyclone  Debbie has increased to A$1,41 billion ($1.07 billion), according to data provider Perils.

This compares to a previous loss estimate of A$1.12 billion which was issued by Perils on May 9, 2017.

Cyclone Debbie hit the Australian states of Queensland and New South Wales from March 28, 2017.

Perils will release a third loss estimate for Debbie on Sept. 28, 2017.

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