Cyclone Debbie claims estimated at $1.16bn: ICA

Insured losses from Cyclone Debbie, the category 4 cyclone that
struck Australia in March, are estimated to be A$1.47bn ($1.16bn),
according to the country's insurance trade body.
The Insurance Council of Australia said 68,848 claims had now
been filed by homes and businesses since the disaster, which
spanned an area of Queensland and New South Wales three time the
size of the UK.
The ICA CEO Rob Whelan said insurers had closed more than three
quarters of Debbie claims.
Whelan...