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Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.

Independent reinsurance brokerage firm Holborn said the first quarter has been an eventful one for reinsurers, who will post losses on several events including a recent cyclone and flooding in Australia and developing losses from the New Zealand and Chilean earthquakes in 2010.

Catastrophe modeler AIR Worldwide said insured losses from Cyclone Yasi in Australia will be between $354 million and $1.5 billion.

Aon Benfield said economic damages from flooding in Australia during the month of January currently stand at about $5.65 billion and economic losses could reach between $10 billion and $20 billion after the cost of repairing and rebuilding.

As waterlogged Queensland, Australia, braces for another round of flooding, the Insurance Council of Australia (ICA) raised its estimate of industry losses to $1.5 billion from previous flooding to the same area.

Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.

Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.

Flooding in the Australian state of Queensland has intensified over the last few days as rainfall in January has compounded problems caused by rain and a tropical cyclone in late December, and insurers are reporting increasing claim counts.