US insurance giant AIG expects to lose $500m (£333m) from last week's terrorist attacks.
Chairman Maurice Greenberg said: “It is impossible for any company to precisely estimate total losses at this time. Although AIG's property insurance coverages on the World Trade Center complex are minor, as the world's largest commercial insurer, we expect to receive claims from many insureds across a wide range of coverages.
"These losses will not impact the solid financial condition of AIG, the strongest insurance and financial services company in the world.”
AIG is the largest underwriter of commercial and industrial insurance in the US and its businesses operate in 130 countries. Its stock is listed on the London Stock Exchange as well as in New York, Paris, Switzerland and Tokyo.
