Citigroup Inc. -- America's largest banking group -- warned Monday that it foresees a sharp fall of around 60 percent in third quarter profit due in part to failed mortgage investments. Citigroup said its quarterly net profit would be much lower ... [full story]

Federal Reserve policymakers will make an announcement Wednesday following a two-day meeting, with analysts predicting that the central bank would cut borrowing costs for the second time in as many months. Most economists expect the Fed to announce Wednesday a cut ... [full story]

WASHINGTON (AP) -- Capital One Financial Corp., a credit card issuer that is expanding into retail banking, spent $590,000 in the first six months of 2007 to lobby the federal government, according to a disclosure form. The company lobbied on ... [full story]

CARMEL, Ind. (AP) -- Insurance provider Conseco Inc. said Thursday it received final regulatory approval to have certain annuities at three of its divisions coinsured by Reassure America Life Insurance Co. Reassure America Life, a unit of Swiss Re Life ... [full story]

KAILUA-KONA, Hawaii - Deep cracks line the outside walls of Hulihee Palace. Patches of fallen stucco expose the building's lava rock and coral mortar outer walls.   Two quakes a year ago Monday damaged the 19th-century vacation home of Hawaii's ... [full story]

NEW YORK (AP) -- Aflac Inc. reports third-quarter results after the closing bell rings Tuesday. Following is a summary of key developments and analyst commentary related to the period. OVERVIEW: Americans who have grown familiar with Aflac Inc.'s irritable duck ... [full story]

NEW YORK (AP) -- Assurant Inc.'s profit leaped 24 percent in the third quarter as more mortgage lenders bought homeowners insurance policies protecting their clients' houses, the insurer said Thursday. Assurant earned $187.2 million, or $1.56 per share, compared with ... [full story]

EAST ORANGE, N.J. - Several states said Monday they would challenge the Bush administration in federal court over its new rules that block the expansion of a health insurance program for children from low-income families. Arizona, California, Illinois, Maryland, New Hampshire, ... [full story]

The area of Phoenix, Scottsdale and Mesa has the nation's fourth highest auto-theft rate, according to a recent National Insurance Crime Bureau report. Of the 54,849 vehicles that were stolen in Arizona in 2006, nearly 40,000 of them were snatched from ... [full story]

With the devastating effects of the wildfires in Southern California, A.M. Best Co. has begun to assess the potential financial impact this event may have on the property/casualty and reinsurance industry. While awaiting information from affected entities, A.M. Best is ... [full story]