U.S.
Solving Financial System Cybersecurity Challenges Won’t Happen With Regulation: Fed Official
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. "I don't think the solution to the cybersecurity problem rests in ...
U.S. Flood Insurance Reform Gets SmartSafer Lobbying Push
The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to ...
AmTrust’s Financial Plans Earn A.M. Best Ratings Review With Negative Implications
AmTrust Financial Group's recent efforts to raise capital and stabilize its finances apparently aren't enough for A.M. Best, which placed the company's credit and financial strength ratings under ...
Allianz Touts Successful Test of Blockchain Tech for Captive Insurance Program
Allianz Global Corporate & Specialty SE (AGCS) has successfully tested blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS's ...
AmTrust Raising $950M by Selling Stake in Some Businesses to Private Equity Firm
AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses to private equity firm Madison Dearborn Partners. Barry Zyzkind, ...
More Legal Crises for Wells Fargo: Lawsuits Over Mortgage and Auto Loans
Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. The ...
Attune, a Digital Small Business Insurer, Hires Starr, OnDeck Execs in Leadership Roles
Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune's ...
Hurricanes, Quakes Hammer Berkshire Hathaway’s GEICO, Gen Re, Other Insurance Units
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...