Insurance Australia Group (ASX:IAG) said it received over 4,000 claims, primarily related to property damage from wind and water ingress, from customers impacted by Tropical Cyclone Alfred across South East Queensland and Northern New South Wales as of March 12, according to a Wednesday Australian bourse filing.
The firm's chief executive Nick Hawkins said it had significantly expanded its claims team from around Australia and New Zealand. It increased the size of its internal property assessor team, including additional specialists from its New Zealand business.
The insurer's reinsurance program includes quota share reinsurance covering 32.5% of all losses and a catastrophe cover for 67.5% of all losses above AU$500 million up to AU$10 billion.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。