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The Federal Reserve Board recognizes there are critical differences between banks and insurance companies, Federal Reserve Board chairman-designate Janet Yellen told a Senate committee at her confirmation hearing.

The Federal Reserve Board recognizes there are critical differences between banks and insurance companies, Federal Reserve Board chairman-designate Janet Yellen told a Senate committee at her confirmation hearing.

Tower Group International says filed financial statements for the years 2011 and 2012 cannot be relied upon and because of inadvertent mistakes.

A sinkhole swallowed parts of two houses on Florida's west coast on Thursday and seven nearby homes were evacuated as it continued to expand more than six hours after being discovered, a local official said.

A sinkhole swallowed parts of two houses on Florida's west coast on Thursday and seven nearby homes were evacuated as it continued to expand more than six hours after being discovered, a local official said.

PIA Management Services Inc. announced it has partnered with Rochester, N.Y.-based FloodBroker.com to offer member agencies a unique sales tool to facilitate the sale of flood coverage.