Digital Platforms

In an effort to bolster earnings, P&C industry will continue to report favorable reserve development in 2010 and 2011, but at a declining rate, says A.M. Best.

Dodd agreed with Republicans, arguing that the interim idea sounded akin to a recess appointment.

New Novarica report advises a “supply and demand” approach, along with benchmarking of tight operational peer groups to maintain accuracy.

A new study finds that many CIOs have yet to make their way from the back office to the front lines.

Stock conversion scheme would expedite insurer’s payback of bailout funds.

The AIR Extratropical Cyclone Model for Europe incorporates the effects of the regional building codes and construction practices on building vulnerability.

Former CEO of Sun Microsystems says upstart will focus on intersection of innovation and health.

The capital agreements will be supplemented by a non-risk-based leverage ratio of 3%.

Weak economy, catastrophe losses continue to drag on insurance sector’s financial performance.

18-count indictment charts $100 million fraud scheme.

A noted Children’s Hospital is appealing a $250,000 fine for not reporting a data breach, but this should be a huge red flag for insurers.

Seeking to repay its debts, Liberty Mutual Holding Co. reportedly announced today that a unit providing coverage through independent agents will sell up to $1.41 billion in shares through a public offering.

Company will create unified coverage especially for drilling operations.

The Office of Financial Research is tasked with collecting data on behalf of the Financial Stability Oversight Board and analyzing it to spot risks to the economy.

Complete data is in: 2008 was the first year that payments for medical care were more than half of all workers’ compensation benefits, says the National Academy of Social Insurance.

HHS launched a Spanish-language version of the HealthCare.gov website, which was mandated under the health care reform law.

Version 10.5 features upgraded location analysis and customer data mapping for insurers.

Fireman’s Fund Insurance Co. anticipates the product will plan and monitor the performance of IT support throughout its entire lifecycle.

Elizabeth Warren is thought to be the top contender for head of the Consumer Financial Protection Bureau.

GNAIE says new rules will not provide more accurate picture of company’s financial health.

A new Conning Research study shows that the commercial auto insurance market may be a leading indicator of the overall commercial lines insurance market.

When perpetrators of major cyber-crimes get a mere slap on the hand, we all lose.

Implementation of Cost Operations Shared Service Centre Model to streamline efficiencies, reporting and processes.

New Novarica report says insurers will have an increasingly tough time justifying custom built applications.

Uncertain markets, slow economic improvements and changing regulations cloud recovery efforts, making underwriting discipline, pricing a key strategy.

TransUnion's Insurance Risk Index rose just slightly from Q1, and is up only 0.3% since 2009.

The promotion is part of a broader realignment strategy, under which the wealth management business was recently revamped.

It’s no secret that claims management is a key indicator of customer service. A Consumer Reports' reader survey revealed 86% of readers who filed were highly satisfied with the handling of their claims among 22 insurance companies.

AIR Worldwide’s cat modeling software promises to enhance the underwriting processes of Syndicate 609 for Atrium Underwriting Group.

Company defends practices after California Department of Insurance accuses insurer of mismanaging medical claims.

Commercial Lines Billing system is designed to streamline the billing process, and increase the time and cost efficiencies for companies and their clients.

Fitch affirms Cincinnati Financial’s subsidiaries; A.M. Best rates Aetna and Goldman Sachs Group subsidiaries; S&P corrects outlook on Genworth Financial Mortgage Insurance; Moody’s rates Aon’s senior unsecured notes.

Data migration issues have long held life insurers back from replacing their legacy systems.

The $2.3 billion collected in premiums was down 8.5% from 2009.

The central provisions of the proposal could make analysis more difficult as the accounting would be less reflective of the underlying business, critics say.

New statistics show ongoing erosion of industry workforce.

Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. A stable outlook for the sector indicates that Fitch believes a vast majority of insurer ratings will be affirmed as they are reviewed over the next 12-18 months.

With the economy continuing to suck wind, vendors, too, need to find ways to get more value out of what they produce.

Gartner study shows slow, steady recovery with fewer permanent replacements.

The title insurer acquired software company Commerce Velocity.

Windy City ranks 167 of 200 in driver safety new report finds.

A study conducted by Travelers of its 2009 claims data reveals that 76% of its customers experience burglary, stolen wallets and pilfered identifications as causes of identity fraud.

Insurer to implement SaaS platform designed to support collaborate with internal and external resources at point of opportunity.

Experian QAS research points out business leaders' stances.

Companies climbing out of the economic crisis will look to IT to transform their business operations, notes Focus Research, a business market research agency in New Orleans.

DIS OFFERS NEW MARKETING SYSTEM

With area for landfall widespread, industry waits as Hurricane Earl approaches Mid-Atlantic Coast.

New report details what (re)insurers can do to address the financial challenges of increased life expectancies and face longevity-funding issues head on.

Which insurers' products are most popular in the bank channel so far this year? Take a look.

Insurers may be interested to hear Ernest & Young officials' answers to questions regarding technology changes in response to the legislation.

For workers' compensation insurers, a wide view and better data mining techniques are helping spot fraudulent claims.

Expert navigation can make data migration worth the risks.