AIG to Restate Results

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Insurer American International Group Inc. said on Wednesday it would delay filing third-quarter results until Nov. 14, giving it time to correct errors as it addresses previous accounting weaknesses.


AIG warned investors not to rely on its prior financial statements. It did, however, estimate that it made a net profit in the third quarter of $1.7 billion despite big losses from the hurricanes that hit the United States.


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