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AIG takes hit from hurricanes

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Recent natural disasters are expected to take their toll on insurance giant american international group.  AIG said it expects to record pre-tax catastrophe losses of somewhere between $2.9 and $3.1 billion in the quarter.   The company estimates hurricane Harvey will cost between $1.1 and $1.2 billion and Irma's cost will be more than $1 billion. Hurricane maria losses will be between $600 and $700 million.  And the Mexico earthquakes are expected to ring up a total of about $150 million in losses.  

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