Filed Under:Claims, Catastrophe & Restoration

AIG Says Sandy Will Cost It $2B

American International Group, Inc., says its total insured losses from Superstorm Sandy will come to approximately $2 billion.

The announcement, made after the markets close today, says the preliminary figure is pre-tax and net of reinsurance. After tax and net of reinsurance, AIG is putting the approximate total of loss at $1.3 billion.

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