A storm forecast to be one of the worst on record in Alaska lashed the state's western coastline on Wednesday, tearing roofs off buildings and pushing water and debris into communities, authorities said.

Germany's Munich Re missed expectations for quarterly profit, as Europe's debt market storm, including more writedowns on Greek bonds, buffeted investment income.

A 5.6 magnitude earthquake struck in Oklahoma late on Saturday evening, the U.S. Geological Survey said, and there were reports of damage in a county just east of Oklahoma City.

The U.S. Treasury Department received a $972 million repayment from American International Group, funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, the Treasury said Tuesday.

The U.S. Treasury Department received a $972 million repayment from American International Group, funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, the Treasury said Tuesday.

The eastern end of Long Island suffered the highest insured losses in the U.S. from late Augusts Hurricane Irene, followed closely by a coastal county in North Carolina, Verisk Analytics reports.

A judge threw out federal securities-law claims in Allstate Corp's fraud lawsuit against Bank of America Corp's Countrywide unit over $700 million of toxic mortgage debt, but said the insurer may pursue state law claims.

Munich Re backs the idea of using insurance to help resolve Europe's sovereign debt crisis, a board member of the world's biggest reinsurer said on Monday.