Why top brokers want you to buy the embattled IAG (ASX:IAG) share price

The Insurance Australia Group Ltd (ASX: IAG) share price has been put through the wringer, but this could be the time to buy the beaten down shares.

The devastating floods hitting parts of New South Wales and Queensland, and worries about the insurer’s exposure to the collapse of Greensill Capital are some its recent challenges.

Insurance Australia Goup share price lags

The Insurance Australia Group share price crashed by nearly 17% over the past year when the S&P/ASX 200 Index (Index:^AXJO) surged by over 40%.

In contrast, other general insurers are also faring better than the Insurance Australia Group share price. The QBE Insurance Group Ltd (ASX: QBE) share price and Suncorp Group Ltd (ASX: SUN) share price are up about 20%…