Business
IAG ekes out dividend after $1b virus crunch – The Australian Financial Review
Dividends are among the meekest in a decade after the company copped a $1.15 billion blow from the coronavirus pandemic.
We need to be investing in mitigation so that we can ensure … the community can continue to have access to insurance, he said.
Mr Hawkins comments come after Australias other major insurer, Suncorp, on Tuesday disclosed average home premium increases would rise by 7 per cent.
Sydney-based IAG said pricing was determined by location, meaning variances from the average arise, but they were also affected by industry-wide factors including overall claims inflation and reinsurance costs.
Cost of perils
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