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Insurance Australia Group Limited

( ASX:IAG ) - Insurance

News

IAG Prices In Higher Risk For Policyholders

Insurance Australia Group (IAG) is the biggest general insurer in Australia and across the Tasman where it slipped out news yesterday of a change in the way it will be insuring home and contents that will see thousands of policyholders pay more if they live in areas of the country that are more prone to natural disasters such as quakes and floods.

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Analyst Views

IAG – UBS rates the stock as Neutral

The company’s investor briefing signalled confidence to UBS. The broker believes, while potentially disruptive challenges were acknowledged, the strength of the brand and margin tailwinds allow the business to conduct the necessary fixes to legacy systems and prepare for change.

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