Besieged insurer IAG happy with the numbers in New Zealand

Tue, 23 Oct 2012

Oct. 24 (BusinessDesk) – Insurance Australia Group, the insurance company besieged by angry clients in Christchurch, has told shareholders it is happy with its strong operating performance, which will improve further in New Zealand. IAG has fronted angry mobs in the city as residents, particularly those on unstable land, have vented frustrations at the slowness of claims payments. Some clients have been caught between the Earthquake Commission, which pays out the first $100,000 of earthquake claims and private insurance companies. IAG owns...

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