Insurance

Associated to sell insurance business for $265 million

05/04/20

The Wisconsin regional said the funds will support loan growth, create an added capital buffer and support its dividend policy.

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Hilltop in Texas to sell specialty insurance unit for $150 million

01/31/20

National Lloyds, which provides insurance for mobile homes, has a distribution network that operates in 40 states.

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Fed proposes capital requirements for insurance units

09/06/19

The Fed is seeking feedback on a "Building Block Approach" to risk-based capital standards for firms heavily engaged in insurance activities.

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Summit Financial in W.Va. sells insurance business

05/06/19

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group.

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Why Kraninger's CFPB is mandating fewer consumer refunds

02/20/19

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.

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Sterling Jewelers fined by CFPB for unauthorized credit card accounts

01/16/19

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

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Fed readying capital rule for insurance firms under its watch

01/09/19

The Dodd-Frank Act gave the central bank authority to set capital requirements for insurance companies that own a federally insured bank, as well as those determined to be systemically important.

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Regionals won't be making any major deals. Here's why

10/19/18

On paper, conditions would seem favorable for regional banks to pursue acquisitions in order to overcome organic growth challenges. But executives have poured cold water on that idea in recent days.

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The weak spot in banks’ cyberinsurance

07/27/18

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.

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Insurance unit sale to support N.C. bank’s organic growth

07/03/18

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

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