Debbie-hit areas face rate hikes: report

Carriers in areas of New South Wales and Queensland that were
hit by Cyclone Debbie in late March are weighing commercial rate
hikes of up to 20 percent, according to a report.
Australian newspaper The Courier Mail cited
unidentified analysts predicting home and motor policy rate
increases of 5 percent, with commercial insurance premiums likely
to rise by between 15 percent and 20 percent.
Both building companies and the Insurance Council of Australia
told the newspaper the higher costs were...