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PERILS puts final loss estimate for cyclone Debbie at A$1.74B

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PERILS puts final loss estimate for cyclone Debbie at A$1.74B

Tropical cyclone Debbie, which hit the Australian states of Queensland and New South Wales from March 28, 2017, through early April 2017, caused property insurance market losses of A$1.74 billion, according to the fourth and final loss estimate by Zurich-based catastrophe insurance data provider PERILS AG.

PERILS' final estimate is up from its third estimate of A$1.66 billion issued Sept. 28, 2017.