Rates to change after IAG New Zealand changes pricing model

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International

Rates to change after IAG New Zealand changes pricing model

April 29, 2019 Reprints

IAG New Zealand Ltd. said that its rates could change after the insurer switches its premium pricing model to a risk-based system in July, Radio NZ reported. Kevin Hughes, a spokesman at IAG New Zealand, said that the rates could increase for areas at higher risk of catastrophes and decline for regions at low risk.

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Rates to change after IAG New Zealand changes pricing model

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