Insurance

The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.

In partnering with Ingo Money, Safelite Solutions will be able to provide a service for their customers that's designed to make the processing of minor auto physical damage claims easier than manual processes.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

For the millions of consumers who file auto insurance claims every year, many of whom use digital tools such as mobile apps to submit them, the process grinds to a halt when it comes time to receive their payment.

A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they are sufficiently covered.

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.

Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business.

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.

Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go.

A South Dakota regulator seeks to liquidate ReliaMax Surety, which provides default insurance for many private student loans held by credit unions.

The companies announced Dr. Atul Gawande, a professor at Harvard and the author of several books on health care, will lead the new health venture starting July 9. But other questions remain unanswered.

Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business.

BB&T is buying Regions Financial's insurance business. That made the timing right for its retail broker to undergo a name change, the company said.

The Massachusetts bank agreed to buy Fabri & Rourke, which focuses on commercial insurance products.

RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy.

The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans.

MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency’s value.