tropical cyclone Marcia

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Cyclone Marcia insured losses rise above $400m

Commercial property insurance claims have driven the reported insured loss for Cyclone Marcia, which struck Queensland, Australia in February, up to $403,6m from almost 30,000 claims, according to the Insurance Council of Australia.Estimates of insurance industry losses for Cyclone Marcia started off at very low levels, but as always after read the full article →

Cyclone Marcia to hit Category 5 before landfall in Queensland, Australia

Cyclone Marcia has undergone a period of rapid intensification as it approaches the Queensland, Australia coastline, with forecasters now predicting a Category 5 landfall with wind gusts as high as 180mph anticipated.Cyclone Marcia had been expected to be a relatively benign storm, with little threat to Queensland and to the read the full article →