IAG releases A$200mn of BI provisions in six months to the end of June
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IAG releases A$200mn of BI provisions in six months to the end of June

Liz Bury
22 July 2022
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IAG has released A$200mn ($138mn) of BI provisions, cutting its BI reserves to A$975mn for the year to 30 June, according to preliminary results.

The provision was reduced based on the number and nature of claims received by IAG since the High Court of Australia handed down an appeal judgment on a test case on 21 February, as well as on the firm’s...

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NewsClaims and lossesIAGRe/insurers
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