The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies.
AIG has issued a preliminary estimate of its total expected losses resulting from last Tuesdays terrorist attacks. Based on information available at this time, AIGs net pretax losses are expected to approximate $500 million.
AIG Chairman Maurice "Hank" Greenberg said, "We remain intensely focused on providing immediate assistance and relief to those who have suffered losses relating to this enormous national tragedy. Our crisis teams are in place, functioning on a twenty-four hour basis, and they are prepared to process claims.
