NU Online News Service, Dec. 22, 3:12 p.m. EST

WASHINGTON–American International Group is apparently retreating from spinning-off its Chartis property and casualty insurance group as a separate entity, while the Treasury's special master has allowed one company employee a raise.

AIG officials declined comment on the reports, but a Chicago-based analyst said the reports of a decision appeared to be realistic based on the current market outlook for P&C stocks.

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