IAG estimates Debbie loss at A$140mn

Insurance Australia Group (IAG) has said Cyclone Debbie will cost
the group A$140mn ($106mn) in net natural peril losses, as claims
come in from the storm battered coasts of Queensland and Northern
New South Wales.
IAG said in a statement today that it had received around 4,300
claims since the ex-cyclone made landfall last week. Property
damage makes up the bulk of the claims, the carrier revealed.
IAG has raised its full year 2017 catastrophe claims
expectations by A$170mn to...