Data security

New figures from PCI and ISO reveal a 62% gain in net income for P&C insurers.

A.M. Best affirms AIG’s P&C and life/health subsidiaries; Moody's affirms Fireman's Fund intercompany pool; Fitch affirms Lloyd's of London.

With all the reports about how much insurers plan to spend on technology in 2011, little has been written about the impetus behind the decision. For carriers focused on compliance with regulatory bodies (which comprises the bulk of insurers), the strongest incentive for technology investments is risk management.

Association will focus first and foremost on working with regulators on implementation of the Dodd-Frank Act.

Fitch’s methodology is based on strategy/franchise strength, sensitivity to the insurance pricing cycle, earnings performance, and funding and capital.

Treasury secretary testified before Congress yesterday, saying that the bailout will show a "positive return."

Five severe weather events, one winter-based storm, two earthquakes and two floods comprised the top 10 insured loss events, says Aon Benfield

Chronicling insurers' continuing challenges combating auto theft, Insurance Bureau of Canada (IBC) today released its annual list of most frequently stolen vehicles.

Fitch affirms all AXA entities; S&P lowers credit rating on Manulife Financial, rates Berkshire Hathaway’s senior notes; A.M. Best comments on Aetna; Moody’s affirms WellPoint, Munich Re.

Towers Watson survey says insurers are increasingly employing predictive modeling as rates continue to be weighed down by excess capacity.

Insurers, banks, credit unions and more affected by partnership.

A culture of complacency hampers information security efforts, and as a result, sensitive corporate data is vulnerable to tampering and theft.

Carrier will implement Detica NetReveal in their general insurance business to combat claims fraud.

John Kim also will become New York Life’s chief investment officer

Top companies in our survey grind down costs by consolidating IT and rationalizing processes. They’re growing faster as well.

The highest-priority initiatives continue to be policy admin and BI, with claims, agent portals and commissions also of importance.

With insurers storing vast amounts of potentially sensitive or embarrassing information, a risk mitigation culture must pervade the enterprise.

Product to offer better management of its portfolio of insurance-linked securities.

For those not on thin-client hookups, the message is clear: Know what applications are on your systems and how they work.

Rep. Spencer Bachus says he will revisit Dodd-Frank to remove any undue burdens on taxpayers.