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Insurance Aust Grp head sees premiums rising moderately in future

 

Wednesday, Mar 31,2010, 9:06:11 PM   Click:

INSURANCE AUSTRALIA GROUP (ASX:IAG) chairman James Strong says he expects insurance premium price rises to be more moderate in the future. Speaking before a business forum in Brisbane on Wednesday, Mr Strong said recent storms in Melbourne and Perth had been factored in.

* "We don't expect insurance premiums to go up as rapidly as they did go up (in the past) because there has been a complete readjustment," Mr Strong said.

* "The events in Melbourne, Perth are both things we provide for and we provide our losses as we assess them.

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