AIG Increases Concentration of Storm Risk With Divestitures

American International Group Inc., the insurer that stayed profitable through the Sept. 11 attacks and Hurricane Katrina, may be more exposed to disasters after divesting life insurance units to repay its government bailout.

AIG will be a “smaller and more focused company” after selling American Life Insurance Co. and AIA Group Ltd., divisions that produced more than a third of the firm’s insurance revenue last year, Chief Executive Officer Robert Benmosche told shareholders this month...

BusinessWeek: AIG Increases Concentration of Storm Risk With Divestitures