Insurance

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.

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

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.

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

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