Queensland projected to lose $2 billion from impact of storms

Successive weather disasters in Far North and South East Queensland are projected to cause $2 billion in economic loss for the state. Queensland Treasurer Cameron Dick says at least half of that cost will be for repairs but has warned the number may rise as authorities get a clearer idea of the damage. Mr Dick said at least 1300 homes have been damaged across the two regions, as well as almost 50,000 insurance claims. He said he doesn't expect serious impacts on the state's budget, but helping tourism operators to recover will be a priority for the government. Gold Coast Mayor Tom Tate said the council will assist businesses in filing paperwork and advocating for insurance and is calling for incentives to aid the city's tourism recovery. It comes as Queensland Premier Steven Miles has visited some of the areas worst impacted by the storm.