AIGs incoming COO Peter Zaffino will get a $23.5 million pay package.

The new CEO will seek to bring stability to AIG, which has endured the departures of top executives, higher-than-expected claims costs and four losses in seven quarters.

Right now, the funds from AIG are earning 'peanuts' for Berkshire, but there is potential for better returns

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.

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