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.

As part of its opposition to a proposed rate increase by State Farm, Consumer Watchdog criticizes a reinsurance deal as more expensive than paying wildfire claims.

The state's department of insurance started hearings in early October, but a decision about the rate increase is not expected until at least December, after a contested election for insurance commissioner.

At the Most Powerful Women in Banking conference this week, New York's top banking regulator said banks need to take full responsibility for the artificial intelligence models they use, even if they bought them from a third party.

The Federal Deposit Insurance Corp. projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 billion increase in the DIF balance.

Young British drivers who have just passed their test should be banned from carrying passengers of a similar age and should display special plates, according to the chief executive officer of the AA car breakdown service.

The state has consistently ranked in the top two of the Insurance Institute for Business & Home Safety ratings for the past 12 years. Some of its building code rules are even stricter than internationally accepted standards.

The state's governor and a challenger running for insurance commissioner are calling for a new look at building codes that were weakened by the state's legislature in the past couple years.

Public policy and tax experts from the consultancy said local ties may help insurers' standing with Congress, and Republicans' push for tax cuts could negate party members' negative views of big business.

By using technological strategies insurers can stay ahead of regulatory changes.