IAG flood claims January 27, 2012 10:20 AM
Insurance Australia Group Ltd (ASX:IAG) and Suncorp Group Ltd (ASX:SUN) have already recorded hundreds of claims mostly from south-east Queensland as torrential rains move down to New South Wales. That’s according to The Australian Financial Review. IAG has assesors in Queensland and Suncorp has sent a customer response unit to the Moreton Bay area, near Brisbane. The insurers say they have increased response times after last year’s devastating floods. IAG posted a net profit of $338 million in fiscal 2011.
Insurance Australia Group Ltd (ASX:IAG) and Suncorp Group Ltd (ASX:SUN) have already recorded hundreds of claims mostly from south-east Queensland as torrential rains move down to New South Wales. That’s according to The Australian Financial Review. IAG has assesors in Queensland and Suncorp has sent a customer response unit to the Moreton Bay area, near Brisbane. The insurers say they have increased response times after last year’s devastating floods.
IAG posted a net profit of $338 million in fiscal 2011.