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A low pressure system off northeastern Australia holds up to a 50 percent chance of intensifying to cyclone strength over the next two days and slamming into a region devastated two weeks ago by Cyclone Marcia, according to meteorologists. "This low is expected to deepen during the next few days and has a moderate potential to develop into a tropical cyclone on Tuesday or Wednesday," Australia's Bureau of Meteorology said on Monday. Insurance Australia Group is facing 3,500 claims totaling up to A$90 million ($70 million) from damage caused by Marcia.

 

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