AIG Quarterly Results Set Records
NU Online News Service, Oct. 24, 1:12 p.m. EST?American International Group Inc.'s net income soared 463.5 percent to $1.84 billion, or 70 cents a share, an increase management attributed to new business and rate increases, trends it expects to continue.
AIG Chairman Maurice "Hank" Greenberg, in a statement released with earnings today, said that rates are rising and "there are no signs that the market will soften in the foreseeable future. If anything, rates in many classes of business will continue to rise for some time."
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