Doug Bailey is a journalist and freelance writer who lives outside of Boston. He can be reached at [email protected].
Global fund manager KKR said a surge in management fees, assets under management, and new business growth in its insurance subsidiary, boosted fourth earnings that vastly blew past Wall Street estimates.
Financial services and insurance firm Equitable Holdings defended its 2022 fourth quarter and year-end results, calling them “strong” when considering the tough economic and market environments. The company blamed the results, which badly missed Wall Street expectations, on lower markets, hedging and non-performance risk under GAAP accounting.
For those in several states who think they have a big refund coming, the IRS wants them to delay filing their taxes until it can figure out whether they owe more from rebates received last year.
Extreme – and more frequent – catastrophic events along with rising inflation are whipsawing the insurance industry and will be…
Allstate on Thursday reiterated its aggressive strategy to stem huge underwriting losses in its auto lines, which includes raising premiums, cutting expenses, and implementing restrictions on policies.
As expected, and heavily telegraphed, the Federal Reserve Open Market Committee elected to raise interest rates a quarter point, the smallest tweak in nearly a year as it battles burgeoning inflation.
At least three major real estate investment trusts have said they have shut the door, at least partially, on honoring investor cash-out requests following a huge surge in withdrawals as economic worries climb.
While individual retirement account (IRA) assets are the largest and perhaps most popular segment of the retirement market, with accounts…
The U.S. Government reached its statutory borrowing limit Jan. 19. If the limit isn’t raised, the country could default on its $31 trillion of debt, something that’s never happened and would likely trigger disastrous economic consequences.
A semi-annual Online Insurance Scorecard has consistently ranked Progressive Insurance No. 1. Progressive’s strengths could provide guidance for smaller carriers and agents to better compete against the large national insurers.
If Frank Frievalt was a guest on the old “What’s My Line” game show, it’s likely the panelists would guess…
More than four in 10 consumers go online or use an app when shopping for life insurance, according to a new report, a significant shift as most people still buy life insurance policies through an agent.
Inflation is still growing but at the slowest pace since October of 2021, the government said. The CPI rose 6.5% in the year through December, down from 7.1% in November.
Amid all the stories about sophisticated cybercrimes, it turns out the most common crime impacting corporate America is simple fund transfer requests that send money into the accounts of criminals, a recent study shows.
Natural disasters seemed to dominate property and casualty news in 2022 in what was really a moderately damaging year compared to previous ones. But it was auto insurance that generally brought more interest from readers.
With a record 700,000 boomers hitting retirement age in 2022 and another huge segment approaching the milestone, it shouldn’t come…
Winter weather caused an estimated $64.1 million in property damages in the first half of 2022, which ranks it as a relatively mild season compared to previous years. Nevertheless, the U.S. is bracing for another destructive winter season as climate change is making winter weather worse.
The insurtech sector, once hailed as the great insurance industry disruptor, is looking at a bumpy road for 2023 with investment capital at a premium, stocks in the dumper, recessionary pressures, and the inability to innovate stunting growth, experts say.
Federal Reserve officials ended the most inflationary period in nearly 40 years with yet another rate increase, which, at 50 basis points, was a more modest change compared to its previous four consecutive 75-basis-point hikes, and presented a mildly optimistic outlook for the coming year.
A study by J.D. Power found that mobile apps have become the first resources investors consult to review their portfolios, make transactions, and conduct research. The trend is particularly noticeable among younger investors.
