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Stock Market & Financial Investment News

News Breaks
December 7, 2012
16:06 EDTAIGAIG sees preliminary estimate of losses from Hurricane Sandy about $1.3B
American International Group announced that its preliminary estimate of AIG's after-tax losses related to Storm Sandy, net of reinsurance, will total approximately $1.3B. This estimate reflects a pre-tax loss estimate, net of reinsurance, totaling approximately $2B. AIG expects to make a capital contribution to its U.S. property casualty insurance subsidiaries of $1B from existing, readily available funds. In 2012, AIG Property Casualty has paid dividends to AIG Inc. totaling $2.4B. As of September 30, AIG Property Casualty's equity totaled $49.6B, and AIG Inc.'s equity totaled $102.4B.
News For AIG From The Last 14 Days
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July 28, 2015
08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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July 16, 2015
09:09 EDTAIGAIG expands presence in Chinese-American life insurance market
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08:54 EDTAIGBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
08:05 EDTAIGAIG launches design, construction risk mitigation service for luxury homes
AIG Private Client Group said it introduced the insurance industry’s first risk management and mitigation service for residential construction projects with budgets of $5M or more. The service seeks to minimize risks related to natural catastrophe, water damage, security, fire and life safety, and potential threats to fine art or other collections that will be located in a home. AIG’s Smart Build recommendations come from the company’s deep experience protecting some of the world’s largest luxury homes, as well as extensive analysis of AIG claims data and overall loss trends.

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