Roger Award 2015 for the ‘Worst Transnational Corporation Operating in Aotearoa/New Zealand’ Goes to IAG
Submitted by Apoorva Prasad on Mon, 05/02/2016 - 08:52
The organizers announced that the 2015 Roger Award for the 'worst transnational corporation operating in Aotearoa/New Zealand' goes to IAG.
The six finalists for the dubious award were IAG/State Insurance, Apple, Serco, Westpac, Bunnings and Media Works.
IAG Droops on Profit Caveat
Submitted by Girish Kumar Guha on Wed, 06/02/2010 - 15:53
Following the Company's admonition that it was cutting its full-year insurance margin because of problems in its UK motor insurance business, INSURANCE Australia Group's shares fell as much as 10.8 per cent.
By early afternoon IAG shares were down 19 cents, or 5.3 %, to $3.42 in a share market up 0.2 %. The stock fell as low as $3.22 in the morning session.
Storm Claims Prompts IAG to Cut its Expected Margins
Submitted by Girish Kumar Guha on Sun, 03/14/2010 - 13:26
Last week's heavy storm in Victoria has prompted insurance giant IAG to cut its expected insurance margin.
IAG has stated that it now expects an insurance margin of around 10.5 to 12 %, which is a significant drop from its previous expectation of around 11.5 to 13 %, for the year to June 30.
Australia's largest general insurer said it had received more than 36,000 claims from the storm, which lashed houses, cars and businesses in Victoria with hail and torrential rain last Saturday and Sunday.
Turners Auctions inks ‘3 Year deal’ with IAG New Zealand
Submitted by Manish Verma on Wed, 07/08/2009 - 05:23
Tuners Auctions has entered into a three year contract renewal with IAG New Zealand, the country’s largest general insurer.
The newly signed pact will cover the management and disposal of all written-off vehicles, trucks, personal property, plant and machinery.
IAG expects selling 12,000 – 13,000 vehicles and assets each year under the contract. It consigns the vehicles to Turners Auctions that in turn, sells them at damaged vehicle auctions.
