Organization Root Tag

The San Antonio-based insurer and bank has named Juan Andrade as its next CEO. The company's bank has suffered a series of regulatory penalties.

Data center operators and users such as banks need to plan now for AI's growing power needs.

Only 5% of homeowners in designated disaster-assistance areas were required to hold flood insurance, according to the Federal Housing Finance Agency's dashboard.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

MetLife Investment Management will pay $800 million for PineBridge, which manages about $100 billion in assets, according to a statement.

A multi-state coalition of insurance commissioners issued a joint letter to the Department of Government Efficiency advising the closure of the Federal Insurance Office.

For the third time in five years, the Office of the Comptroller of the Currency issued an enforcement action against the beleaguered bank. It bars USAA from adding new products or loosening its membership criteria without evaluating the risks of getting bigger.

Brian Thompson, a longtime UnitedHealth Group Inc. executive, was fatally shot in midtown Manhattan early Wednesday morning in what authorities described as a targeted attack, igniting a manhunt across the city for the gunman.

Zurich Insurance Group AG is looking to buy companies to further boost its growing retail health, travel and wellbeing business.

The agency cited the closeness of the entities to Florida's government.

Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.

In the coming months, a quarter of the insurance giant's 54,000 corporate employees in cities like Atlanta, Tampa and Minneapolis will be able to meet up with colleagues in offices booked by the day through a coworking platform called LiquidSpace.

Republicans win insurance commissioner races in North Carolina and Montana, Democrats win in Washington state and Delaware, according to Ballotpedia results.

Moody's believes Florida will sell bonds to help replenish the CAT fund this spring.

AI-backed detection tools contributed to a significant spike in the dollar amount potentially saved from fraud this year, according to the Treasury Department.

Liberty Mutual partners with Jaguar Land Rover; AIG expands Atlanta presence, plus more insurtech news.

US insurer MetLife Inc. is in advanced talks to buy PineBridge Investments' assets outside of China, people familiar with the matter said, in a deal that could be valued at $1 billion to $1.5 billion.

Uber Technologies Inc. is prioritizing safety over profits as it develops its autonomous driving fleet.

According to MetLife's annual Triangle Tech X (TTX) report. Sixty percent of women are likely to say they find a STEM career attractive.

Total insured wind and flood losses are predicted to be between $10.5 billion and $17.5 billion, according to CoreLogic. Earlier estimates placed the cost of insured damages between $3 billion and $5 billion.