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Mike Fiato will join Allstate as executive vice president and chief claims officer.

Insurance companies and banks have collectively reduced their municipal bond holdings by $102 billion, or 10% in just nine months in 2023.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.

Banks large and small are selling some or all of their insurance subsidiaries, enticed by the high prices they're being offered. Here's a rundown of the deals that were struck in 2023.

The Federal Deposit Insurance Corp. finalized rules governing display of the FDIC logo Wednesday, requiring a new digital FDIC sign on online banking platforms beginning in 2025, conspicuous physical signs in nontraditional bank facilities and explicit labeling of insured and non-deposit products.

Engineers at the company are racing to make changes to algorithms on the device that measure a user's blood oxygen level — a feature that Masimo Corp. has argued infringes its patents.

Apollo and other alternative asset managers are vying for executives with connections to the world's biggest fortunes.

More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

Allstate adds a gas finder from GasBuddy and a parking reservation platform using SpotHero.

The unit will pay $48 million to consumers and $12 million to a victims' relief fund.