IAG 4 Million First Half Profit

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Australia’s largest House & Car Insurer, Insurance Australia Group expects to report a first half profit of $4 Million down from $110 Million last year, the company is expected to go ahead with a funds raising share sell off to raise $500 million.

IAGs brands have received 2,600 claims from Victoria’s bush fires, and have prepared for claims to be in excess of the $150 Million budget for such events

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