IAG raises new equity as Australia’s BI test case finds in favour of policyholders
Sarah JollyNovember 20, 2020
Australian insurer IAG said it will raise $750m in new equity after the Supreme Court of New South Wales (NSW) put insurers back on the hook for business interruption (BI) payments to policyholders affected by the Covid-19 cr...
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Sarah JollyNovember 20, 2020