June 9 (Reuters) - Insurance Australia Group Ltd (IAG) :
- IAG estimates $60-80 million net claim cost from east coast
- Currently expects its net natural peril claim cost for the FY 2016 will approximate its $600 million perils allowance
- For FY 2016 IAG has separate natural perils cover of $80 million in excess of $680 million
- Current maximum event retention is estimated to have reduced to approximately $120 million, increasing to $200 million from 1 July 2016
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June 9 (Reuters) - Insurance Australia Group Ltd (IAG) : IAG...
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