Insurer IAG estimates the bill for NSW-Queensland flooding will fall below where its own catastrophe reinsurance protection kicks in, meaning damage might be smaller than initially feared.
But the estimate comes as analysts worry about a surprising spike in wild weather claims in January and February for Sydney-based IAG.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
