Data security

Activist regulators, increased CAT losses pose larger risks, companies must adapt, A.M. Best says.

ARC Logics upgrade includes the NAIC-proposed requirements, which are set to take effect on Jan. 1, 2015.

A review of losses tied to weather-related catastrophes reveals that climate-change models are but one of a growing number of complexities affecting all stakeholders.

The use of enterprise risk management applications continues to evolve, according to “2012 U.S. Enterprise Risk Management (ERM) Survey,” from Gen Re. The survey focused on setting biometric risk assumptions, which had largely been ignored by previous ERM research.

North American insurers ranked product pricing (51 percent versus 39 percent in 2010), risk strategy (48 percent versus 38 percent in 2010) and reinsurance strategy (44 percent versus 34 percent in 2010) as the areas of their business most impacted by their evolving enterprise risk management (ERM) programs, according to a new Towers Watson survey.

A new report highlights a wave of mobile-focused techniques spreading among hackers.

Legal Solutions Suite purchased in an attempt to simplify billing and expense tracking, monitor outside counsel performance.

California leads states in QCs; suspicious loss of jewelry increased 86 percent.

Insurers can expect winter storm loss damages to return to normal after this weekend.

Recent survey reveals cyber risks to be the biggest business concern; insurer develops mobile app in response.

Survey of life insurance CFOs finds few satisfied with speed, reliability; run-time requirements are highest priority.

iWorks Prophet purchased in an effort to centralize and standardize actuarial practices across business lines.

Insurer plans to use eRiskHub's cyber risk resource portal to evaluate data security risks.

One of the largest insurance agencies in Wisconsin grows with the acquisition of Burkart-Heisdorf.

Insurer working with Command Investigations, which will provide SIU, anti-fraud services and investigative services.

Novarica survey identifies longer-term threats and opportunities for both P&C and life/annuity insurers.

Head of the agriculture unit at Munich Re cites drought as the biggest cause of losses in 2012.

More natural peril events occurred in 2012, but the losses incurred were far below the record-highs established in 2011.

With climate change prompting a transformation, insurers will find opportunity to take on some risk in the energy sector, which will continue to be crucial in the world economy.

From 2008 to 2011, the number of questionable claims suspected of being part of an organized group or ring activity increased by 47 percent, according to the National Insurance Crime Bureau’s “Data Analytics Forecast Report.” However, that number of questionable claims with the OGA referral reason decreased markedly in 2011 and continued to fall in in the first half of 2012.