IAG has warned costs of insuring itself from big disasters will keep rising, echoing a trend across the insurance industry.
The Sydney-based insurer said anticipated higher “reinsurance” costs – along with ongoing natural disasters, such as flooding in Victoria this month – has resulted in it hiking premiums for customers.
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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
