IAG insurance australia group limited

News: IAG Insurance Australia Group Acknowledges Proceedings Commenced By ASIC

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    Oct 15 (Reuters) - Insurance Australia Group Ltd (IAG) :

    • IAG ACKNOWLEDGES PROCEEDINGS COMMENCED BY ASIC-
    • WHEN IAG IDENTIFIED THIS ISSUE AS PART OF A PROACTIVE REVIEW IN 2019, COMPANY SELF-REPORTED ISSUE TO ASIC
    • CUSTOMER REFUNDS ASSOCIATED WITH PROCEEDINGS COVERED BY CUSTOMER REFUND PROVISION THAT WAS ESTABLISHED IN FY20 AND FY21
    • WORKING CLOSELY WITH ASIC THROUGH REMEDIATION PROGRAM
    • MORE THAN 80% OF AFFECTED NRMA INSURANCE CUSTOMERS HAVING NOW BEEN COMPENSATED IN RELATION TO ISSUE
    • PROCEEDINGS RELATE TO IAL'S FAILURE TO PASS ON FULL AMOUNT OF DISCOUNTS TO SIGNIFICANT NUMBER OF NRMA INSURANCE CUSTOMERS
 
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(20min delay)
Last
$8.75
Change
-0.350(3.85%)
Mkt cap ! $20.69B
Open High Low Value Volume
$9.02 $9.02 $8.75 $70.64M 8.017M

Buyers (Bids)

No. Vol. Price($)
1 700 $8.74
 

Sellers (Offers)

Price($) Vol. No.
$8.80 2000 1
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IAG (ASX) Chart
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