AIG Pays Berkshire Unit $1.7B To Take Asbestos Risk

By Pete Brush (April 20, 2011, 11:58 AM EDT) -- A Chartis Inc. reinsurance unit will pay Berkshire Hathaway Inc.-owned insurer National Indemnity Co. $1.65 billion in exchange for its assumption of potentially billions of dollars in outstanding asbestos risk, Chartis parent American International Group Inc. said Wednesday....

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