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Insurance Australia Group Limited (ASX:IAG) has received more than 13,700 claims relating to the impact of ex-tropical cyclone Oswald which struck Queensland last month.
The insurance company expects the claims will add up to between $120 million to $140 million.
IAG has received 600 claims arising from last month’s bushfires in New South Wales, Victoria and Tasmania which are expected to cost up to $35 million.
The company’s 2013 reinsurance program limits the impact of a single natural disaster event to $150 million.
IAG generated a net profit of $265 million in the 2012 financial year.
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Last
$8.63 |
Change
-0.040(0.46%) |
Mkt cap ! $20.37B | |||
| Open | High | Low | Value | Volume |
| $8.65 | $8.69 | $8.60 | $1.176M | 136.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3295 | $8.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.63 | 8043 | 17 |
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| Last trade - 10.53am 16/09/2025 (20 minute delay) ? |
| IAG (ASX) Chart |