The compensation includes $12 million in cash to replace awards Duperreault forfeited after leaving his previous job leading Hamilton Insurance Group Ltd.

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.

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

CEO Peter Hancock received $1 million less than last year from the non-equity incentive plan tied to return-on-equity and expense reductions.

New York and New Jersey restored transportation services on Sunday and strove to be ready for a near-normal workweek, while Washington was a little slower to overcome the blizzard.