Finance

The Los Angeles wildfires are an unmissable signal for investors to back startups aimed at mitigating and preventing similar disasters in the future, according to venture capitalist Bill Clerico.

Housing advocates say Sandra Thompson, a longtime Federal Deposit Insurance Corp. board member, aimed to keep an eye on risk as she expanded access to credit.

The NFMA has floated best disclosure practices for public power agencies that ask for more data on climate and resiliency goals.

In the aftermath of the election, a bipartisan group of House members are the latest to ask the FHFA to put the owner's title insurance waiver pilot on hold.

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.

Risks include pushing debt-to-income ratios too high for qualifying and rising costs leading to defaults, all of which affect the secondary markets.

California and Oregon are experiencing yet another record-setting year of wildfires amid increasing uncertainty about FEMA and property insurance backstops.

New insurance written in the second quarter was only 2% lower year-over-year, the smallest drop in nearly three years.

State Farm, Aflac and Gallagher executives talk about what they look for when considering insurtech startups for investment.

Advocates and critics weigh in on condo title-risk mitigants that cost less upfront than traditional insurance as climate risks add to broader coverage costs.