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ESG Focus: What The Insurance Retreat Means For Your ASX Portfolio
IAG's New Bear Doesn't See Greensill Risk Priced In -- Market Talk
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R5-151707807 : hardly...
Try impending results for the financial year end. And iag is only in Australia, not insuring overseas risks.
rookie trader x OP R5-151707807 : everything in Australia costs more now insurance is not immune just because its australian based we are fucked because of this qovernment
R5-151707807 : it isn't the govt driving up insurance premiums - cgu (owned by iag) alone copped over $200m per year in workers comp recovery claims alone, over the past few years. That's a big hit each year to the claims pool, which needs to be replenished from all their product lines, so they can achieve the profits demanded by the iag board.
This is what Warren Buffet calls "know the business you're investing in"...
rookie trader x OP R5-151707807 : yeah wow they are an insurance company no shit sherlock. Im stating things like the companies free cash flow effected by inflation and the strength of the dollar cost of owning a business in Australia is a disgrace and the country is being sold off bit by bit. You cant tell me albo and his commie budget isnt designed to kill Aussie businesses while opening it too looting by foreigners and foreign owned companies Which they claim is actually foreign investment