Insurance Australia Group (IAG) has assured investors of its preparedness to assist customers potentially impacted by Cyclone Alfred. The category-two tropical cyclone, with destructive winds exceeding 130km/h, was projected to affect the eastern coast, including Brisbane. IAG stated it has a “comprehensive reinsurance programme” established to safeguard premiums against potential payouts stemming from the cyclone’s damage.
This program is designed to mitigate financial risks…
