LOS ANGELES (AP) — American International Group Inc. is expected to report a loss in the fourth quarter, reflecting more than $1 billion in losses related to insurance policy payouts in the aftermath of Superstorm Sandy. AIG will report its latest financial results on Thursday after the market closes.

WHAT TO WATCH FOR: The extent of the loss due to Superstorm Sandy, and whether AIG expects to see more losses carry over into the first quarter.

In December, AIG estimated it would book $1.3 billion in losses related to the storm in the fourth quarter. Sandy made landfall on Oct. 29, spreading a swath of devastation that affected New York, New Jersey, Connecticut and eight other states.

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