American International Group said today its quarterly profit rose as it raised prices for insuring businesses.
The world's largest insurer by market value reported third-quarter earnings of $1.84 billion compared with a profit of $326.8 million that was reduced by large World Trade Centre claims.
AIG, along with other insurers, have been raising property and liability premium rates for companies following the September 11th, 2001 attacks and a wave of corporate scandals.