Reinsurers brace for losses from Debbie

Reinsurers are preparing for major losses from Australian carriers
after Cyclone Debbie made landfall on the north-east Australian
coast as a Category 4 storm.
Debbie hit between Bowen and Airlie Beach in Queensland as a
category four storm, with gusts of up to 263km/h (163mph), at
12:15pm local time Tuesday. It had earlier lashed the tourist
resorts of the Whitsunday Islands.
It is currently moving inland as a category 1 storm, according
to local media reports.
However, local media reported...