AIG could lose $3.1B thanks to recent natural disasters

Insurance giant AIG warned Wall Street on Monday of what could be its largest-ever quarterly catastrophe loss — as much as $ 3.1 billion following hurricanes in the Gulf of Mexico and earthquakes in Mexico. AIG is set to lose as much as $ 1.2 billion from Hurricane Harvey, which devastated Houston and surrounding cities. That’s about…

Full Story Via Business | New York Post

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