Finance

The growth in mobile banking has lowered barriers to accessing the banking system, but the Federal Deposit Insurance Corp.'s National Survey of the Unbanked and Underbanked released Tuesday reveals that minority households are still disproportionately underserved.

Private mortgage insurers are having a strong year so far, although most had flat business in the third quarter, industry results show.

Three of the four largest title insurers were profitable in the third quarter; First American's loss should set it up for future gains, its execs said.

The current state of insurtech, its challenges, opportunities and whether we are truly approaching the end of its rapid expansion.

Investors and insurtech professionals share their insights and predictions for next year at the 2024 ITC Las Vegas Conference.

Chloé Paillot, chief transaction actuary at Enstar, leads the team that evaluates client transactions in the legacy space, a specialty that gets rid of risky businesses for insurers and insurtechs through facilitating capital, offloading risk and finding reinsurance.

The Fed's half-point cut in interest rates, which could be just the first such action in the current economy, will affect everything from premium rates and insurers' investments to the value of annuities and efficiency of operations.

The Federal Housing Finance Agency has agreed to more regular checks on the government-sponsored enterprises' flood compliance, which impacts mortgage companies.

Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.

The revisions also revise how the surplus is calculated to evaluate risk of the bonds used as part of the available asset portion of the capital requirements.