The research aims to "debunk misconceptions about battery fires" and "establish clear, practical safety guidelines for everyday use," in Australia and around the world.
CEO Nick Hawkins signals readiness for further M&A activity, just a week after IAG announced it had agreed to acquire RACQ's insurance underwriting business.
Deal, first announced in June, includes cover for Product & Public Liability, Compulsory Third-Party Motor, Professional Risks, and Workers’ Compensation portfolio.
Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.
Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
