IAG SUN

News: IAG flood claims

  1. FNN News
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    27/01/12
    10:31
    Post #: 9603575
    .


    Insurance Australia Group Ltd (ASX:IAG) and Suncorp Group Ltd (ASX:SUN) have already recorded hundreds of claims mostly from south-east Queensland as torrential rains move down to New South Wales. That’s according to The Australian Financial Review.



    IAG has assesors in Queensland and Suncorp has sent a customer response unit to the Moreton Bay area, near Brisbane.



    The insurers say they have increased response times after last year’s devastating floods.



    IAG posted a net profit of $338 million in fiscal 2011.


    IAG Price at posting: $2.91 Sentiment: None Disclosure: Held
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