Insurance

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.

Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Domenick & Associates also specializes in serving social service organizations.

Not a penny of the $1 billion fine against Wells Fargo will end up in the hands of customers harmed by practices flagged by regulators.

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million.

U.S. Bank has formed a partnership with insurance claims software provider Enservio to simplify processes for paying or collecting insurance settlements.

The costly order against Wells Fargo contains both unexpected good news for the bank and more potential problems for its CEO.

Months after President Trump vowed that Wells Fargo would pay a severe penalty, the CFPB and OCC hit the bank with a $1 billion fine to settle claims it overcharged customers for auto insurance and home loans.