News Non-Life29 Mar 2021

Australia:IAG gives update on its exposure to QLD & NSW floods

| 29 Mar 2021

One of Australia's biggest non-life insurers, IAG, has estimated that it would have to bear the net cost of approximately A$135m [$103m] (A$200m pre-quota share), as a result of widespread flooding and storm damage associated with heavy rain that first hit southeastern Queensland and northern New South Wales this month.

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