Cyclone Debbie losses cross a billion dollars

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Leading global reinsurance firm has placed a number on its claims burden for Cyclone Debbie at approximately US$350 million, net of retrocession and before tax. Whereas, the total insured market losses for wind, flood, and storm surge damages, are estimated to be US$1.3 billion. Tropical Cyclone Debbie made landfall on 28 March 2017 as a category four hurricane; making it the strongest cyclone to hit the Australian region since 2015. The eye of the storm came […]

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This article was originally posted by Insurance & Risk

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