Doug Bailey is a journalist and freelance writer who lives outside of Boston. He can be reached at [email protected].
For the 10th consecutive month, inflation has shown signs of cooling, leading some to theorize the Fed may done with rate hikes – for now.
Citing market conditions and declining hedging values, Brighthouse Financial Inc. reported a net loss of $525 million in Q1 of 2023.
KKR & Co., one of the world’s biggest investment firms, beat Wall Street estimates of its first quarter earnings but they still weren’t good enough to escape the turmoil period in the private equity and real estate sectors.
Equitable Holdings Inc., the global diversified financial services company, said its operating earnings fell 22% in the first quarter of…
Catastrophe losses, higher auto claims costs, and inflation all contributed to Allstate Corp.’s first quarter loss of $320 million – compared to a profit in the same period last year – company executives said this week.
The Fed’s tug-of-war against inflation continued this week as the central bank again raised interest rates to ward off rising prices while crossing its fingers that it won’t wreck the economy by pushing joblessness to new heights.
Despite some insurance industry modernization progress, much of the industry is stubbornly sticking to legacy technology.
The U.S. economy grew at a paltry 1.1% annual rate in the first three months of this year, signaling a cooling trend that will likely lead to a recession later in 2023, analysts said.
While Medicaid sunset will impact health insurance revenues, the effect will be offset by a reduction in claims expenses, analysts say.
As older Americans are increasingly the target of financial fraud, a bill to project against senior scams is headed to…
The property and casualty industry, frequently considered a dependably unexciting business , is undergoing rapid change, a new study finds.
Despite the expectation by now we’d be whizzing around in self-driving cars hasn’t lived up to predictions. A similar hope for automated trucking industry is waiting for the technology to catch up.
Ongoing economic turmoil has severely impacted millennials’ ability to build and transfer wealth, according to a new survey.
President Joe Biden’s ambitious plans unveiled recently to put us all behind the wheel of a battery electric vehicle (BEV)…
There were some promising signs in new numbers contained in the government’s Consumer Price Index report for March released this week. Prices are still going up, but it was the smallest increase in more than two years.
There are a record number of unfilled jobs in the industry, with one survey recently showing a 10-year low in layoffs and a 10-year high in the number of people quitting.
Powerful headwinds pounding the commercial real estate market could signal an impending economic catastrophe.
A coalition of insurance industry and healthcare leaders have formed a non-profit organization to help global insurers screen, test, and triage members to combat the baffling rise in excess mortality.
A survey of insurance industry CIOs and CFOs found they expect a deterioration of credit quality and a recession but ranked increasing yield opportunities.
CVS/Caremark has again drawn scrutiny by insurance regulators for allegedly running afoul of state laws allowing people to choose which pharmacy to use.
