AIG Forecasts $3B In Q3 Catastrophe Losses

 Tuesday, October 10, 2017

 InsuranceNewsNet

American International Group expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes. AIG said Monday that it expects to record pre-tax catastrophe losses between $2.9 billion and $3.1 billion during the quarter because of damage it will have to cover from Hurricane Harvey, Hurricane Irma and the earthquakes that struck Mexico. AIG CEO Brian Dupereault says the company has acted quickly to provide money for claims.
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