Insurance

Financial institutions are trusted stores of data about money because they are insured and have a license from governments to operate. Monetizing that data can give them a leg up on the tech giants.

Privately insured credit unions will officially have equal access to the Federal Home Loan Bank system under new final rule.

Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers.

Bankers have no shortage of practical expertise to offer customers, but their failure to make an emotional connection with clients could be hurting their retention efforts.

Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.

It is not startups but rather Silicon Valley’s biggest names that are best-positioned to compete with banks in the blockchain race.

Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.

Banks have resisted the need to switch their core systems, but how long can a financial institution continue to operate on a foundation of dust?

The consumer banking experience still needs work. But instead of investing money in consumer-facing products, we must invest in critical yet less sexy infrastructure improvements.

Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said.

The regulator also provided updates on investment performance, expenses, CAMEL codes and more.

Indianapolis-based CU has operated an insurance CUSO since 2004.

"Virtually every venture capitalist I know is excited about insurance as the next big thing in fintech," says Sam Hodges, co-founder and U.S. managing director at Funding Circle.

The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood-prone communities is getting pushback from supporters of better management policies.

Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing.

The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market.