September 5, 2010 / 10:39 PM / 9 years ago

Australia's IAG expects reinsurance to cover NZ quake claims

MELBOURNE (Reuters) - Insurance Australia Group said on Monday it expects claim costs from the weekend’s earthquake in New Zealand to be fully covered by its reinsurance arrangements.

It said it was too early to determine the extent of damage in Christchurch.

Reporting by Sonali Paul

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