IAG expects A$169m cost from Sydney hailstorm

21-12-2018

IAG expects A$169m cost from Sydney hailstorm

Source: Pixabay

Australia-based Insurance Australia Group (IAG) expects claim costs of A$169 million ($120.2 million) from the latest Sydney storms fully eroding the deductible attached to the calendar 2018 aggregate cover.


IAG, Catastrophe, Hailstorm, Claims, Insurance, Reinsurance, Mark Milliner, Australia, Asia Pacific

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