Carriers brace for NZ Debbie losses

New Zealand\'s North Island is beginning to tally the damage
from Cyclone Debbie with (re)insurers likely to suffer substantial
losses from widespread flooding across the area.
The tail-end of Debbie struck the island nation earlier this
week, bringing deluges which meteorologists have suggested was a
one in several hundred years event.
Coastal towns have been particularly heavily impacted. Reuters
reported that the town of Edgecumbe in the Bay of Plenty had
completely submerged by floodwaters,