Battered by Sandy, AIG posts $4 bn Q4 loss | Bangkok Post: news

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Battered by Sandy, AIG posts $4 bn Q4 loss

US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale.

US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale.

AIG reported a $4 billion net loss in the October-December quarter, compared with $21.5 billion in net income in the year-ago period.

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