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NEW YORK (Reuters) - American International Group Inc <AIG.N> said on Thursday it expects to recognize a loss of about $1.4 billion on the sale of Nan Shan Life Insurance Co, its life insurance unit in Taiwan. AIG agreed on Tuesday to sell the unit to two little-known buyers for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. Primus Financial, a firm founded by Citigroup Inc's <C.N> former Asia investment banking head, together with China Strategic Holdings <0235.HK>, are to buy Nan Shan Life. AIG expects to meet the criteria for "held-for-sale" accounting with ... Read Full Story

American International Group has agreed to sell its Taiwan unit Nan Shan to an investor group led by Hong Kong's Primus Financial for about $2.15 billion. Nan Shan, which serves more than 4 million life insurance policy holders in Taiwan, is the third-largest life insurer in the country by total premiums. The Primus consortium will maintain the Nan Shan brand. The current Nan Shan management team will remain in place. When the credit crisis hit last year, the U.S. government rescued New York-based AIG with a loan bailout package worth up to $182.5 billion in exchange for 80 percent ownership of the huge insurer. ... Read Full Story

Chargers outside linebacker Shawne Merriman isn't happy with a comment from general manager A.J. Smith that the team's play at times this year has been "soft and bewildered." Merriman at first declined to comment after practice Wednesday, but then said: "That's an opinion of a person, and it's not needed. We know that we have to play better." Merriman said the only opinions he's interested in hearing are those of his teammates. The Chargers (2-2) lost 38-28 at Pittsburgh on Sunday night, falling behind 28-0 and allowing 497 yards of total offense. Smith made the comment about the "soft and bewildered" play to The ... Read Full Story

San Diego Chargers star outside linebacker Shawne Merriman said he did not harm reality TV star Tila Tequila at his home early Sunday and added he was concerned for her safety because she appeared to be intoxicated. Merriman was arrested and accused of choking and throwing Tequila to the ground as she tried to leave his home in suburban Poway. Tequila signed a citizen's arrest warrant charging Merriman with battery and false imprisonment. Both are felonies. Merriman spent about 2 1/2 hours in the downtown jail before posting bail. Merriman practiced Monday, then said he's convinced he'll be cleared. It will ultimately be up ... Read Full Story

San Diego Chargers linebacker Shawne Merriman said he didn't hurt reality television host Tila Nguyen but was trying to protect her when he stopped her leaving his house. Merriman was arrested Sunday and accused of choking and throwing the diminutive TV personality - also known as Tila Tequila - to the ground as she tried to leave his suburban home. She signed a citizen's arrest warrant charging Merriman with battery and false imprisonment. Merriman, who spent about two hours in jail before posting bail, reiterated at team practice on Monday that he was trying to prevent Nguyen from driving because she appeared to be ... Read Full Story