IAG: NZ earthquake could cost $40m
Insurance Australia Group has confirmed that its New Zealand businesses, which include State and NZI, could be hit by a $40m claim from the Christchurch earthquake on 22 February.
The insurer added its team was "rapidly mobilising" in response to the destructive 6.3 magnitude earthquake.
IAG managing director and CEO, Mike Wilkins said: "Our primary concern is for the people
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