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AIG had $762 million of catastrophe losses in the fourth quarter, with $572 million related to the California fires that caused the destruction seen here in Santa Rosa. (Photo: AP Images)

BLOOMBERG — Brian Duperreault picked a tough year to shore up AIG’s underwriting.

Losses from wildfires in California drove American International Group Inc.’s fourth-quarter catastrophe costs higher than rivals’ and beyond what some analysts estimated. The company’s results were also dragged down by a nearly $7 billion charge tied to the U.S. tax overhaul that AIG had previously warned investors to expect.

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