IAG insurance australia group limited
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Dec 21 (Reuters) - Insurance Australia Group Ltd (IAG) :...

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    21/12/18
    12:10
    Post #: 36933577

    Dec 21 (Reuters) - Insurance Australia Group Ltd (IAG) :

    • UPDATES ON NET NATURAL PERIL CLAIM COSTS FOR FINANCIAL YEAR-TO-DATE (FY19), AFTER SEVERE STORMS IMPACTED SYDNEY REGION ON DEC 20
    • IAG ESTIMATES YEAR-TO-DATE NET NATURAL PERIL CLAIM COSTS FOR FY19 CURRENTLY AMOUNT TO ABOUT $410 MILLION-$430 MILLION PRE-TAX
    • BY DEC 21 RECEIVED MORE THAN 6,500 CLAIMS RESULTING FROM SYDNEY HAILSTORM, & CLAIMS EXPECTED TO RISE OVER COMING DAYS
    • CLAIMS ARE IN RESPECT OF A MIXTURE OF MOTOR AND PROPERTY DAMAGE
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