AIG estimates $100m Ogden charge in Q1 results

American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017.

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AIG, Odgen rate, UK, First quarter 2017 results, North America

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AIG estimates $100m Ogden charge in Q1 results

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