Wednesday, March 29, 2006

INSURANCE BILL HITS $250 MILLION

At $250 million, Cyclone Larry has clocked up the largest losses from a natural disaster in Queensland since Cyclone Althea smashed Townsville and Cairns in 1971.

But the insurance bill is expected to rise even higher as more claims are recieved in the weeks ahead.

The $250 million doesn't include more than $300 million in losses from crop damage which could not be insured before the disaster