Finance

While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.

Lenders have focused on front-end cost differences since key secondary market players opened up the option, but what happens when a problem emerges down the road is worth weighing too.

Being immersed in the startup ecosystem can be the answer to staying ahead of the innovation curve.

Most rounds were Series A or earlier.

Artificial intelligence programs are seeing plenty of use, according to a survey by Marcum.

Auto-insurer Geico reported a full-year underwriting loss of almost $1.9 billion as inflation ate into margins alongside elevated claim frequency and severity.

Digital Insurance spoke with Alex Cook, head of strategic capabilities at New York Life Ventures.

The initiative enables insurtechs based in the U.K. to enter the U.S. insurance market through regimented programs and networking opportunities.

All six companies were profitable in the fourth quarter and the full year, but had far less new volume than in 2021.

Backers of Chicago-based Buoyant include the Microsoft Climate Innovation Fund, Bank of America Corp., Xcel Energy Inc. and the Office of the Illinois State Treasurer, according to a statement.