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AIG Boosts Profit as Catastrophe Losses Narrow, Premiums Are Increased

Global insurance conglomerate American International Group inc. AIG 0.80% posted strong gains in first-quarter profit, benefiting from reduced catastrophe losses, growth in new business and premium-rate increases. Another of the nation’s biggest publicly traded insurers, Prudential Financial Inc., TRU 1.22% swung to a $31 million… Read More »AIG Boosts Profit as Catastrophe Losses Narrow, Premiums Are Increased