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General Motors Co. said it will spend at least $400 million to pay victims of the 2.59 million compact cars with a potentially faulty ignition switch linked to at least 13 deaths.

General Motors Co. said it will spend at least $400 million to pay victims of the 2.59 million compact cars with a potentially faulty ignition switch linked to at least 13 deaths.

AIGs Peter Hancock will get a compensation package of $11.8 million a year as the insurers new chief executive officer.

A rare hail storm in South Africa last month resulted in claims of more than 2 billion rand ($187 million), and insurers are suffering.

A rare hail storm in South Africa last month resulted in claims of more than 2 billion rand ($187 million), and insurers are suffering.

Zurich Insurance Group AG said the sale of its Russian retail unit will lead to an estimated loss of about $300 million.

Zurich Insurance Group AG said the sale of its Russian retail unit will lead to an estimated loss of about $300 million.

General Motors Co. customers demanding compensation for the eroded value of recalled Cobalts and Ions will hear today how their lawyers plan to fight for the right to sue the carmaker.