Berkshire is likely to report big claims costs during the third quarter at its insurance subsidiaries because of natural disasters including Hurricanes Harvey and Irma.
Irma swept over islands in the Caribbean and barreled toward Puerto Rico with Florida in its sights as the Cat 5 hurricane threatens to become the most expensive storm in U.S. history.
American International Group Inc. is weighing a plan to hire Brian Duperreault as the companys seventh chief executive officer since 2005, according to people familiar with the boards deliberations.