AIG (AIG) expects to post around $1B in pre-tax catastrophe losses in Q1, with around 70% of...

|By:, SA News Editor

AIG (AIG) expects to post around $1B in pre-tax catastrophe losses in Q1, with around 70% of that sum stemming from Japan's earthquake and tsunami. The rest comes from flooding in Australia, U.S. winter storms, an earthquake in New Zealand, and a cyclone and flooding in Brazil.