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Archive Home > 2010 > February > 27 > AIG posts a loss of $11 billion

AIG posts a loss of $11 billion

Larger claims push the insurer to increase its reserves

By Mary Williams Walsh / The Bulletin
February 27, 2010

The American International Group said on Friday that it lost about $11 billion last year, surprising analysts and showing the long-term risks inherent in the types of large, complex insurance coverage that the company once pioneered.

To increase its reserves to pay future claims, the company set....

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