AIG reports $62B 4Q loss, will separate P/C unit

Tuesday, March 3rd, 2009 Auto Property Risk Management

American International Group Inc. reported a $61.66 billion fourth-quarter 2008 loss Monday and unveiled a new federal rescue plan that includes up to $30 billion in additional assistance, relaxed terms on funds already borrowed, and a major corporate restructuring that includes spinning off its property/casualty operations.

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http://www.businessinsurance.com/cgi-bin/news.pl?newsId=15590

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