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(From Reinsurance)
Northeast Australia has been hit by Tropical Cyclone Larry, which has caused widespread devastation.
The cyclone came ashore close to the town of Innisfail, 62 miles south of Cairns. Thousands of people were evacuated from the area before the storm hit, and only a dozen people sustained minor injuries.
However, 50,000 homes were left without power, and the region's sugar ...