Cyclone Jasper’s damage bill mounts as rain eases
Liam Walsh, Sarah Mitchell and Tess Bennett
Updated
Key Points
- Insurance claims lift to XX
- Eyes on potential flooding in Kowanyama, west Cape York.
- S&P thinks Qld can absorb rebuilding costs.
Cyclone Jasper’s damage bill is mounting for insurers and government, as rainfall eases in some parts of North Queensland and flooding concerns shift westward.
The Insurance Council of Australia had received 2912 claims as of Wednesday afternoon, up from 1870 a day earlier, after intense rainfall from the cyclone led to widespread flooding, including in Cairns, this week.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
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