Organization Root Tag

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.

Three GOP leaders of the House Financial Services Committee, including Chairman Patrick McHenry, say they'll explore possible connections between the agency's alleged "toxic" work culture and its staffing shortages that may have contributed to this year's banking crisis.

The bombshell investigation into pervasive sexual misconduct at the Federal Deposit Insurance Corp. has spurred some senators to call for FDIC Chair Martin Gruenberg's resignation. If he can't right the ship, then he should step aside.

Citi's global commercial bank head talks about why understanding your clients is critical for bankers.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

J.D. Power ranked 16 annuities in terms of customer satisfaction. Here are the winners and losers.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

Warren Buffett's Berkshire Hathaway faces accusations it violated the terms of a more than $10 billion acquisition of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value part of the deal, according to an unsealed lawsuit.

Digital Insurance is fielding its 2024 Predictions survey about technology and issues affecting insurance.

Apple iPhone 15 and 14 users in the U.S. will have access to the service via a satellite.

As part of the deal, Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud computing company's homegrown chips to train the models it uses to power chatbots and other applications.