IAG holds BI provisions at A$1.2bn as second test case heads for appeal
IAG has maintained its A$1.22bn ($910mn) net provision for potential Covid-related business interruption (BI) claims but predicted a “release from the provision will occur” as it moves to appeal the Federal Court ruling in Australia’s second test case.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below