State Farm, the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last year on auto policies.

There were more than 400 tornadoes in the first quarter in the U.S., quadruple the three-year average, according to National Weather Service data.

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.

Paulsons planned exit will remove one of the boards more prominent advocates for shrinking the company.

Chubb Ltd. CEO Evan Greenberg said the U.S. must avoid the risk of becoming so inward-looking that the nation cedes its historic role in shaping a liberal order that has benefited the country for decades.

The new leader will need to restore credibility to a company that missed profit targets and has been draining talent for a decade.

The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trumps victory in the presidential race, with AIG and Travelers among the hardest-hit companies.

The number of AIG employees fell by 15 percent to 56,400 as of Dec. 31, New York-based AIG said yesterday in a regulatory filing.