AIG says it expects to take $1.3 billion in after-tax losses related to Superstorm Sandy

Canadian Press, The Canadian Press
0 Comments| December 7, 2012


NEW YORK, N.Y. - AIG estimates it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far.

New York-based American International Group Inc. says it will contribute about $1 billion to its U.S. property casualty insurance units to help offset the losses, which are after taxes and include reinsurance recoveries.

© The Canadian Press, 2005


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