Businesses and households suffer after Cyclone Debbie

Hurricane Isaac (Image - NASA)

From houses being flooded to companies being forced to close, to lost tourism, there will be a significant bill for businesses and households in New South Wales and Queensland, and inevitably Australia's insurers and reinsurers. The Insurance Council of Australia is estimating damage to insurers in at least the "hundreds of millions of [Australian] dollars"; over 7500 claims have been submitted so far. Queensland coal miners Anglo American, BHP Billiton and Glencore could suffer up to five w