Australia cyclones News

Australia Mining Firms Report Some Impact from Cyclones as Clean Up Begins

Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms. Cyclone Veronica …

Northern Australia Braces for 2 Cyclones, Disrupting Mining, Shipping Operations

Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the …

Tropical Cyclone Penny Slams North Australia Coast Near Rio Tinto Mine

Tropical Cyclone Penny slammed into the far north coast of Australia’s Queensland state near Rio Tinto Group’s Weipa bauxite mine, triggering warnings of flash flooding and damaging winds. The category 1 cyclone, with wind gusts of up to 100 kilometers …

Final Loss Estimate for Australia’s Cyclone Debbie Is A$1.7B (US$1.3B): PERILS

The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Cyclone Debbie hit the Australian states of Queensland and New South …

PERILS Raises Insured Loss Estimate for Cyclone Debbie to A$1.7B (US$1.34B)

The property insurance market’s loss for tropical cyclone Debbie has risen to A$1.7 billion (US$1.34 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This is the and third loss estimate PERILS has issued for …

Insured Loss Estimates for Cyclone Debbie Rise to US$1.1B: PERILS

The estimate for the property insurance market’s loss for tropical cyclone Debbie has risen to A$1.4 billion (US$1.1 billion) from an initial estimate of A$1.12 billion, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Cyclone …

Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS

The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. Tropical Cyclone Debbie caused significant wind and flood damage across the Australian …

Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re

Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices rise in Australia. Cyclone Debbie, a Category 4 …

U.S. Weather in March to Cost Insurers More than $2 Billion: Aon

Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …

Australia Floods in Wake of Cyclone Debbie Kill 4, Disrupt Mining

Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world’s largest coking coal region, underpinning prices and raising the prospect of major producers declaring force majeure. The extent of the …