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August 25, 2006

Insurance Australia Profit Falls 13% on Lower Sales

Aug. 25 (Bloomberg) -- Insurance Australia Group Ltd., the nation's largest auto and home insurer, said second-half profit fell 13 percent as competition cut prices and a cyclone caused A$165 million ($126 million) of losses. The stock slumped as much as 4.1

From Insurance Australia Profit Falls 13% on Lower Sales

Posted by John at August 25, 2006 11:16 AM