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Cyclone Debbie insured losses surpass $1 billion

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The Insurance Council of Australia said that cyclone Debbie has caused $1.4 billion Australia ($1.1 billion) of insurance and reinsurance losses, Artemis.bm reported. Cyclone-related claims totaled 66,000. Munich Reinsurance Co. expects the eventual industry loss from cyclone Debbie to amount to $1.4 billion. The cyclone struck parts of Queensland and New South Wales between March 28 and early April.

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