Australia’s IAG receives over 5,000 claims after New Zealand floods

Jan 30 (Reuters) – Major insurers operating in New Zealand including Insurance Australia Group (IAG.AX) and Suncorp Group (SUN.AX) have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland.As of Monday morning, Suncorp’s Vero and AA Insurance brands have received about 3,000 claims, while IAG’s AMI, State and New Zealand Insurance brands have fielded over 5,000 claims.Tower Ltd (TWR.NZ) on Sunday said it had received over 1,000 claims since Friday, and noted losses were “substantial”.”This is a very significant event which will result in a lot of claims,” according …
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