Insurance news from AIG predicts $2 billion in Sandy losses

AIG Insurance company CEO - Building in Manhattan

The superstorm has taken its toll on the states and insurers are starting to release their numbers. AIG has announced that it expects to have lost $2 billion in pre-tax costs due to superstorm Sandy’s impact on the United States. This was revealed at the same time that it said it would be making a $5 billion sale of its aircraft leasing business. The storm, which smashed its way across the American Northeast coast led to more than 100 deaths and made insurance news with its vast amounts of property…

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