June 9 (Reuters) - Insurance Australia Group Ltd IAG.AX :
* IAG (LON:ICAG) estimates $60-80 million net claim cost from east coast
* Currently expects its net natural peril claim cost for the FY 2016 will approximate its $600 million perils allowance
* For FY 2016 IAG has separate natural perils cover of $80 million in excess of $680 million
* Current maximum event retention is estimated to have reduced to approximately $120 million, increasing to $200 million from 1 July 2016
* Source text for Eikon ID:nASX1hvXbH