NEW YORK (AP) – American International Group expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes.
AIG said Monday that it expects to record pre-tax catastrophe losses between $2.9 billion and $3.1 billion during the quarter because of damage it will have to cover from Hurricane Harvey, Hurricane Irma and the earthquakes that struck Mexico.READ MORE: Anna Police Investigating Crash That Killed 22-Year-Old Man
AIG CEO Brian Dupereault says the company has acted quickly to provide money for claims.READ MORE: Texas Joins Oklahoma's Effort To Overturn McGirt
The company estimates Hurricane Harvey caused it between $1.1 billion and $1.2 billion in insurance losses and Hurricane Irma more than $1 billion. Hurricane Maria will cost the company between $600 million and $700 million. The Mexico earthquakes were included in an additional $150 million in additional catastrophe losses it faced in the quarter.MORE NEWS: 2 Killed, 5 Injured After Drag Racer Slams Into Spectators An Texas Airport
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