Insurance giant IAG says the financial impact of the devastating Tropical Cyclone Jasper and wild weather on the East Coast last month is tracking below its allowances — which it has upgraded for the new year. IAG — which operates the NRMA, CGU and WFI brands, and the now-defunct SGIO — on Thursday said the ultimate costs of the disasters was still being determined. Wild weather has buffeted much of the east coast since just before Christmas, with heavy rainfall and winds causing havoc. Homes have been destroyed and people have been killed while hundreds of roads in Queensland alone has been damaged while the prospect of landslides…
