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Tropical Cyclone Yasi causes USD1.3 billion in insured losses

Tropical Cyclone Yasi developed in the South Pacific Ocean in late January, and made landfall in Queensland, Australia just after midnight early on February 2nd. The large Category Four storm (based on the Saffir-Simpson Scale) brought extremely gusty winds and tremendous rains to an area already reeling from a historic flooding event. At least one fatality was directly blamed on the storm.

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