Program charge and elevated property losses hit AIG

A specialty programs reserve charge combined with elevated
catastrophe and attritional property losses to drive a worsening
underwriting loss in AIG's core commercial insurance business.
And shares in the company closed 4 percent lower today as
investors reacted negatively to a third quarter earnings miss.
The commercial insurance division reported a combined ratio that
widened to 105.3 percent in the period from 102.3 percent in Q3
2015.
The company said catastrophe losses jumped to $253mn from