Feb 22 (Reuters) - Insurance Australia Group Ltd (IAG) :...

Feb 22 (Reuters) - Insurance Australia Group Ltd (IAG) :

• Received more than 13,000 claims to date, predominantly motor, from Northern Sydney hailstorm on 18 February 2017
• IAG's natural perils allowance for FY17 is $680 million and company today reported net natural peril claim costs of $420 million for 1H17
• Assumed net cost from event together with further perils in FY17 will be within current perils allowance and available reinsurance cover
• Setting up specialist hail repair units across wollongong, castle hill and chatswood to help assess and repair hail damaged vehicles
• "Additional employees have been allocated to claims and repair management teams"