AIG's business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses.

Insurers expect to slow purchases of high-grade corporate debt and hold more cash over the next two years, potentially squeezing already low returns, BlackRock Inc. said.

Allstate said the countrys transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the company is betting on inevitable changes to the system.

AIG would weigh acquisitions to bolster high-priority businesses, even as CEO Peter Hancock exits other units, the head of the companys commercial insurance operation said.

Hartford Financial Services Group Inc. is benefiting from a rebound beyond its fixed-income portfolio.

The storm is forecast to hit northwest Florida, a region of the state with lower insured property value.

The CEO is focusing on improving margins in the property-casualty operations that are the core of AIG.

The personal lines business, which includes car and home coverage, posted an operating loss of $55 million.