Insurance Australia Group IAG.AX rose 2.1% on Friday after higher natural peril claims drove its half-year cash earnings down 62% but still beat estimates. Feb 11 (Reuters) - Australian shares lost ground on Friday as technology stocks were sold off after a hot U.S. inflation reading furthered the cause for a more aggressive approach to raising interest rates, while heavyweight miners limited losses. Bucking the sombre mood, heavyweight miners .AXMM limited losses on the benchmark with their 0.9% climb, led by BHP Group BHP.AX ticking up over 2%, aided by a firm iron ore price.