IAG shares fall in Australia after massive flooding in New Zealand

IAG shares fall in Australia after massive flooding in New Zealand

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SYDNEY — Shares in Insurance Australia Group Ltd. IAG, fell early Monday after the general insurer said that claims in New Zealand will likely rise after severe storms and flooding around Auckland, and that it may review its natural peril costs for fiscal 2023. The stock was down 4.5% to 4.88…

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