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Financial services and insurance, editors' picks

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Financial services and insurance, editors' picks

Editors' picks for the week include GEICO growing its direct premiums in all but two states and why LifeSecure Insurance is pulling back from long-term care.

Street hopes AmTrust's CFO hire signals greater transparency

The surprise CFO shakeup at AmTrust Financial Services Inc. may address some concerns about the embattled property & casualty insurer amid continued investor skepticism.

GEICO had Georgia on its mind in Q1

The auto insurance operations of GEICO Corp. produced year-over-year growth in direct premiums written during the first quarter in all but two of the 50 states, highlighted by what stands as their fastest rate of growth in a single state in nearly two years.

Democrats press for $24.6B National Flood Insurance Program debt forgiveness

Forgiving the $24.6 billion debt amassed by the National Flood Insurance Program continued to be a sticking point for key Democrats as Congress weighs reforms to the program.

2016's fastest-growing individual long-term care writer to take a breather

Another long-term care insurer is pulling back from the challenging business line, at least temporarily.

Clock ticking for Genworth-China Oceanwide midyear target

Time is running out for Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. to close their deal by the stated midyear target, and the transaction still needs regulatory approvals.