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AIG To Boost Chartis Loss Reserves By $4.1B

By Evan Weinberger (February 9, 2011, 1:20 PM EST) -- American International Group Inc. on Wednesday said it would take a $4.1 billion charge for the fourth quarter of 2010 to strengthen loss reserves in its Chartis property and casualty insurance subsidiaries, with much of the charge related to asbestos payouts....

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