Cyclone Debbie moves to New Zealand; IAG estimates A$140m loss

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As a result of heavy rain schools have been closed on New Zealand's north island today while a cliff collapsed onto an apartment block in Auckland. In addition rivers have risen in Rangitikei and Whanganui after record rainfall; a state of emergency has been declared in both cities. The late in the season category 4 cyclone has already caused over A$300m of insured losses in Queensland and New South Wales and left six dead. Hotels, mining companies, households and sugar cane firms have all b