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American National Insurance Company latest news:
BRIEF-American National Insurance reports Q3 operating earnings per share $1.57
* American National Insurance Co qtrly earnings per share
CORRECTED-UPDATE 2-AIG to include cyber coverage to commercial casualty insurance
NEW YORK, Oct 26 (Reuters) - American International Group
Inc said it would include cyber coverage to its
commercial casualty insurance during the first quarter of 2018,
a move that would boost rates but make it clearer how customers
are covered if they are the victim of a security breach.
AIG to update casualty coverage to include cyber - exec
American International Group Inc(AIG) will issue an updated commercial casualty policy during the 2018 first quarter that includes cyber coverage, the insurer's global head of cyber risk insurance said on Wednesday. AIG expects to increase rates for the policy because of the added coverage, said the insurer's cyber coverage head, Tracie Grella.
AIG estimates Q3 pretax catastrophe losses of about $3 billion
American International Group Inc. late Monday estimated that its pretax catastrophe losses net of reinsurance will reach $2.9 billion to $3.1 billion in the third quarter. The total includes losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1 billion to $1.1 billion from Hurricane Irma, and $600 million to $700 million from Hurricane Maria. The insurer also expects about $150 million in additional catastrophe losses from Mexico earthquakes. AIG is scheduled to announce third-quarter results on Nov. 2. Analysts surveyed by FactSet are projecting the company to report earnings of 22 cents a share. AIG shares are flat in the extended session after closing down 0.8% to $61.78.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. regulatory council votes to remove AIG's systemically risky label
WASHINGTON, Sept 29 (Reuters) - A panel of top U.S.
financial regulators voted on Friday to remove stricter
regulatory oversight from American International Group,
determining the insurance giant is no longer critical to the
health of the global financial system.
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