Digital Platforms

New York appeals court calls a lower court "premature" for holding Greenberg and former AIG CFO Howard Smith liable, sets the stage for a trial.

Most workers know little about group disability insurance, but when given information about income protection, the majority say they would opt for the coverage, according to a new study.

Life insurance CIOs need to stay on top of technology trends, initiatives and challenges in the industry. Recently, LOMA asked five CIOs to discuss these, and the group turned the focus to communication and the pervasiveness of IT within companies.

Americans are concerned health care costs not covered by insurance will negatively affect their retirement plans.

Because they underwrite policies differently, perpetual insurers will be analyzed differently than traditional insurers, according A.M Best. The firm’s methodology change, detailed in its “Analyzing Perpetual Insurers” criteria report is not expected to affect ratings and is reflected in the most recent version of “Best’s Credit Rating Methodology (BCRM).”

Underwriting efficiency and accuracy are the goals behind Valen's InsureRight.

While maturity of big data implementations was key to returns, Nucleus Research's review of 58 case studies found an average ROI of 241 percent.

Compared to a year ago, the composite rate for commercial property/casualty and professional lines coverage increased 3 percent in April 2012, according to new research from MarketScout, an insurance distribution and underwriting company.

Progressive Casualty Insurance Company is suing State Farm Mutual Automobile Insurance Company for allegedly infringing on patents related to vehicle monitoring systems and variable insurance rates.

The number of IT jobs in the finance and insurance industry has dropped 0.34 percent, according to a new study.

Horizon BCBSNJ’s facility opens in the summer. The retail center will be staffed by specially-trained personnel to help customers with their health insurance needs, direct them to resources for maintaining a healthy lifestyle and assist them in purchasing health insurance products and services.

Company headquarters in Madison, Wis., endures all but two of the layoffs, which are effective immediately.

A number of insurers, including AIG, The Hartford, Prudential, have released financial results for Q1 2012

InsuranceSuite to support entire range of general insurance business processes, expand service offerings for Guidewire's first Japanese customer.

DocuSign boasts several life, P&C clients, points to straight-through processing as motivation for e-signature purchases.

In the month of April, severe weather in the central and southern sections of the United States caused $1 billion in insured losses, according to the “Global Catastrophe Recap” report, published by Impact Forecasting LLC, the catastrophe model development center of Aon Benfield. Economic losses were even higher.

Insurance bundle to help commercial solar developers mitigate risks, support project financing.

The seventh annual INN's Women in Insurance Leadership program profiles women insurance professionals whose leadership and performance has redefined their business and its application of technology.

NFIP reforms sought, but likely to be punted again as competing agendas stall legislation.

CEF growth continues, albeit at a slower pace, despite dwindling refinancing opportunities.

The study reported that the trend of mergers and acquisitions among MPL insurers continued in 2011 with Medical Protective acquiring Princeton Insurance from Medical Liability Mutual Insurance Co and Doctors Company Insurance Group acquiring FPIC Insurance Group while the NORCAL Group purchased Medicus Insurance Holdings Inc.

Application chosen as OneBeacon attempts to improve underwriting profitability, scale the business and achieve high service levels with agents.

Parity to protect organizations from potential losses due to negligent technology professionals.

About 85 percent of asset management firms and insurers have seen increased brand awareness on social media platforms, 67 percent have seen increased engagement with clients and prospects and 58 percent say social media has led to increased website traffic.

New regulations would close medical mills, end payments when no medical treatment is provided and speed claims resolutions.

Using SpeedBuilder Systems' BindExpress Policy Suite, Fremont adds its eighth commercial line in under two years.

Based on noncompliance with the Medical Loss Ratio provision of the Affordable Care Act, insurers will pay out rebates to 3.4 million people.

Insurers turn to their peers and attend industry meetings to conduct due diligence about potential business partners, according to study.

Farm Bureau Life Insurance of Michigan is indicating annual savings of $230,000 and full ROI from a claims upgrade implemented less than a year ago. More than a quarter of Farm Bureau’s savings comes from paperless solutions, including eliminating the printing of around 65,000 faxes in the first six months.

“The Hartford Benefits For Tomorrow Study” found that 87 percent of single Americans don’t have enough savings to get through a financial hardship and of that group only 44 percent have insurance to help them, which means 56 percent do not have coverage.

14 insurers, including State Farm, The Hartford and 21st Century, named in Temkin’s 2012 trust ratings.

The Hartford and Liberty Mutual garner top rankings; study concludes that while there are fewer shoppers overall, they are more likely to shop online and switch auto insurance carriers, and self-service can tip the balance.

The 2012 Lockton Market Update predicts that CFOs and risk managers are going to face a difficult pricing environment in coming months as prices for many risks are flat and commercial insurance buyers are battling rising prices and pressure to improve underwriting.

In addition to offering paid internships to business and technology students, Cigna established an innovation lab on campus last year.

Aflac, MetLife, WellPoint and five others announce first-quarter financial results.

The Independent Insurance Agents & Brokers of America presented a number of awards yesterday at the organization's annual conference, including the Woodworth Memorial Award.

Westfield looks to shore up claims systems in support of commercial business growth.

Participant and Policy Owner Portal System to support Lincoln’s executive benefits division.

The Hartford strikes deal with Forethought for annuity business capabilities and will continue selling annuity products during transition period.

Asia/Pacific region spearheads global market growth; Symantec retains its global industry lead.

With higher medical inflation predicted, insurers will need to adapt to changes and address new risks, according to recent Conning research.

Separate studies from Northwestern Mutual and LIMRA find that Americans can’t afford to live, but can’t afford to die, insurers can take action by educating the public about the importance of financial protection and taking personal financial responsibility.

IIABA-backed bill aims to make it easier for agents to apply for licenses across state borders.

Solution integrates predictive analytics, business rules and link analysis in an attempt to increase efficiency.

4Sight business intelligence product designed to enable users to create reports using ad-hoc reporting tools.

Coalition raises awareness by gathering research and members, lobbies for no-fault reform.

Investment in CRM software experienced a year-over-year increase of 13.5 percent in 2011.

Solution from Cass Information Systems is expected to refine the carrier's BYOD processes and work with all smartphones and coverage plans.

Zurich Insurance Company Ltd. has purchased Procurian's Specialized Procurement Infrastructure, a global Source-to-Pay solution, and Genpact’s Smart Enterprise Processes framework.

In a special report, A.M. Best Co. concluded that the sharp decline in income and consequent drop in regulatory capital reported by some Canadian companies was a result of mark-to-market accounting already in place rather than conversion to Canadian International Financial Reporting Standards (IFRS-C).

MetLife Inc. has reached a multi-state settlement with the National Association of Insurance Commissioners (NAIC) related the company's use of the Social Security Death Master File, which MetLife selectively used for proof of death and to end annuity payments, but not to initiate payment of life insurance claims.

Data is seamlessly integrated into Liberty Mutual Group Benefits’ tracking and reporting tools.