28 June 2017Insurance

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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More on this story

News
13 April 2017   Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million.
Insurance
6 November 2017   Insurers have paid A$1 billion ($0.77bn) in Cyclone Debbie insurance claims, with more than 85 percent of claims now closed, according to the Insurance Council of Australia (ICA).