Data security

Washington - The National Oceanic and Atmospheric Administration (NOAA) offered some dire predictions today, stating that the Atlantic hurricane season will be more active than forecasters first predicted, with up to 10 hurricanes expected to form.

Based on their banking colleagues experiences with the implementation of the Basel II accord, Aon recommends European insurers ready themselves for Solvency II long before 2012.

The transition to the global use of International Financial Reporting Standards (IFRS) may create dramatic change in insurance products, investment strategies, risk management and M&A activities.

Leasing Equipment Answer Capital Preservation

The Chicago-based insurer issued a client bulletin to provide healthcare managers with risk management guidance on responding to serious medical errors.

Travelers, Nationwide, The Big I and The Council are fostering a comprehensive, private-market approach to improve the affordability and availability of coastal wind storm insurance for homeowners.

Stamford, Conn.-based professional services firm Towers Perrin is looking for data submissions for its 2008 Directors and Officers (D&O) Liability Survey, which chronicles D&O liability insurance purchasing trends.

Expanded Role for RRGs Elicits Concern Insurers raise hackles as the Increasing Insurance Coverage Options for Consumers Act moves out of committee.

Of the top 10 tornado-prone areas, RiskMeter's technology model identifies five from Florida.

In his new position, Scott Stephenson will be responsible for ISO’s subsidiaries focused on decision analytics, and will continue to oversee ISO’s Business Development and Enterprise Data Management units.

A new study finds enterprise risk management (ERM) is being taking seriously in boardrooms, but is still is underutilized across the enterprise.

The National Insurance Crime Bureau’s VINCheck Web site is designed to enable consumers to check vehicles for reports of severe damage, flood or theft.

COMMERCIAL FIRE RISK PROBABILITY MODEL

JEVCO INSURANCE GOES LIVE WITH POINT-OF-SALE PORTAL

According to recent survey results, many insurers recognize the need to better integrate IT risk management with overall risk management programs and processes.

P&C insurers turn to geographic information systems (GIS) to augment computer-based catastrophe models, help mitigate weather-related losses.

Aon's RiskConsole offers a new environmental module that provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process.

Boston — As the hurricane season begins, statistics and research indicate catastrophes and their repercussions should be top of mind for insurers. A report recently completed by Boston-based catastrophe risk modeling firm AIR Worldwide Corp. estimates that over the past three years the insured value of properties in coastal areas of the continued to grow at a compound annual growth rate of just over 7%. Despite the recent weakening of the real estate market in many areas, the insured value-or the cost to rebuild properties-has maintained an annual growth rate that will lead to a doubling of the total value every decade.

The platform is designed to provide a transparent view of the sensitivities a risk position has to individual perils and its correlations to other positions.

Plan representatives call efforts key to Blue companies' stewardship of healthcare dollars.