Benmosche, who is stepping down this weekend after 5 years as AIG's CEO, said he learned in May that he had nine months to a year to live.

USAA Chief Operating Officer Stuart Parker will become the companys next CEO when Joe Robles retires from the position at the end of February 2015.

In the parlance that weather-guessers would use in describing the situation, the outlook for long-term reauthorization of a federal backstop for terrorism risk insurance in its present form is cloudy, and that is being optimistic.

Only 10% of homeowners in California have earthquake insurance, even though the state is most at risk for damaging earthquakes.