American International Group said it will delay the reporting ofits third-quarter results and restate earnings going back to 2001,while estimating its recent catastrophe losses would amount to $1.6billion.

The New York-based insurer said it plans to file itsthird-quarter 10-Q financial report with the Securities andExchange Commission Nov. 14 and hold a conference call thefollowing morning.

AIG said the delay will allow the company to incorporate"corrections to certain errors," most of which were found inprevious audits.

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