A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) relating to the American International Group (AIG) (New York), which comprises the domestic commercial property/casualty companies.
The rating affirmations follow a recent announcement by the group's parent, American International Group, Inc [NYSE:AIG] (New York) stating it will record a $2.8 billion pre-tax charge--after reinsurance--in the fourth quarter to increase its loss reserve provision primarily for excess casualty and directors' & officers' lines of business.
The reserve increase relates to accident yea...
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