AIG to Take $4.1 Billion Charge On Insufficient Reserves

American International Group Inc. (AIG) plans to book a $4.1 billion charge when it reports results for the fourth quarter, as it adds to reserves at its Chartis property and casualty insurance unit, the company said Wednesday. AIG also said the Treasury Dept will allow it to retain $2 bln from the recent sale of AIG Star Life Insurance Co. and AIG Edison Life Insurance Co.

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