Data security

Insurance Networking News is proud to present its INN Newscast. This special video edition brings you exclusive coverage from day one of the 2011 ACORD LOMA Insurance Systems Forum in San Diego.Broadcast includes: • LOMA SVP Jeff Hasty discusses the life and annuity industry’s current challenges.• Monique Hesseling, head of personal lines/small commercial segment development for Zurich and the chairperson of the ACORD Standards Committee, breaks down the organizational changes at ACORD and what this means for insurers. • Attendees answer the question: Where within your own organization have you seen the most benefits from standards use? 

Insurers, government message caution as warm Atlantic waters are predicted to contribute to an active hurricane season.

The new group will provide those in the life insurance and annuity market with advice on risk mitigation and financial leverage.

Product provides coverage for data breaches affecting up to 4 million individuals.

Pending capital requirements are altering business strategies of European-owned U.S. life subsidiaries.

A recent article identifies the types of individuals who are likely to cause internal data security problems, but many such problems are caused by folks who put themselves first.

With hurricane season yet to come, P/C insurers have already taken their lumps.

Developed in partnership with CARFAX, the risk assessment score to helps insurers predict future loss ratios.

Meyers-Reynolds’ is said to complement AJG’s energy niche practice as well as its south central region.

Part of the initiative calls for greater cooperation between the Department of Homeland Security and businesses on cyber-risk mitigation.

Insurers applaud House Financial Services Committee’s vote but bill still faces several hurdles before it becomes law.

Shockingly, there is a stunning disconnect between consumers who are increasingly concerned about data breaches and the boards responsible for preventing them.

New Milliman survey says healthcare costs for average American family have doubled in past nine years.

During the month, Allstate deployed more than 3,000 claims professionals to assist with more than 100,000 claims.

The $9 billion share offering will net less than half of what had hoped for due to sliding stock price.

Treasury establishes insurance advisory council to assist newly created federal insurance office.

Update designed to improve on best practice standards with stronger integration across asset classes and between functional layers.

AIR Worldwide estimates insured losses from late-April U.S. storms, while EQECAT predicts a significant market loss from the March 11 M9 Tohoku quake.

Aon says loss results of recent disasters, coupled with pending Solvency II requirements, demand re-evaluation of catastrophe models.

In anticipation of the new Solvency II regime, as well as the eventual merging of the broader formal accounting rules policies from both the United Kingdom and United States, insurers need to strengthen their risk cultures. So says a report issued by global professional services firm Towers Watson, which recently measured the temperature of more than 80 delegates from a wide range of insurance companies.