03-04-2017 18:18 via insuranceinsider.com

Debbie claims rise to $224mn: ICA

Insurers have received almost 20,000 claims worth $224mn from
Cyclone Debbie, according to the Insurance Council of Australia
(ICA).
The body had previously said insured losses could be expected to
reach into the hundreds of millions of dollars and potentially top
A$1bn ($766mn).
The impact of the cyclone has been compounded by floods in
Queensland and New South Wales (NSW).
This level of catastrophe has not been seen since Storm Oswald
in 2014, when storms and flooding affected large parts...
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