Here’s why IAG shares are in the red on Tuesday

Insurance Australia Group Ltd (ASX: IAG) shares fell 2% in early trading to an intraday low of $7.44, while the S&P/ASX 200 Index (ASX: XJO) slipped 0.21% to 8,518.9 points.

But don’t worry, there’s a simple explanation for why the ASX insurance juggernaut is in the…