Perils lifts Debbie loss estimate to $1.3bn

Catastrophe loss data specialist Perils has disclosed its third
loss estimate for Tropical Cyclone Debbie, pegging the insured loss
at A$1.7bn ($1.3bn).
The estimate, which relates to the cyclone that decimated parts
of Queensland and New South Wales from 28 March until early April,
is just over a fifth higher than the previous A$1.4bn estimate.
This is the first time that a market loss footprint from an
Australian cat event, based on collected insurance loss data, has
been available at...