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Creating a council to detect systemic risks and building a consumer financial protection bureau are just two of the major challenges now facing regulators, says a panel of experts.
July 22 -
Conning Research says premium rebound will lag economic recovery.
July 21 -
Federal Insurance Office and rule-making phase are front-of-mind as Obama signs landmark legislation.
July 21 -
"All told, these reforms represent the strongest consumer financial protections in history," the President said.
July 21 -
ISO and Atmospheric and Environmental Research team to deliver instant online weather forensic data through ISO ClaimSearch.
July 21 -
The move is intended to foster further adoption of industrywide standards for data exchange between insurance carriers and distributors.
July 21 -
As stalemate on unemployment bill is broken, federal health insurance subsidy absent from legislation.
July 21 -
The tech companies collaborated on an ERM framework designed to help carriers comply with the 2012 Solvency II regulations.
July 21 -
How the Fed's new authority will be exercised is unknown, but it embodies a major shift in the thinking about, and approach to, functional oversight since previous legislation on the topic.
July 21 -
Recent study notes low customer satisfaction among corporate risk managers as carriers and brokers retrench to improve their own bottom lines.
July 20 -
In wake of health care debate, Leslie Margolin takes leave to head coalition.
July 20 -
Fitch affirms Aetna and Lloyds of London ratings; A.M. Best upgrades NAICO; S&P lowers ratings on Cincinnati Financial Corp.'s operating insurance companies.
July 20 -
Once the bill is signed regulators will have the task of implementing hundreds of regulations and commencing dozens of studies.
July 20 -
Commercial property & casualty business is suffering from excess capacity in the hunt for market share, resulting in another quarter of declining renewal pricing, according to The Council of Insurance Agents & Brokers’ second quarter Commercial P/C Market Index Survey. On average, renewal rates dropped by about 6% in the second quarter, compared with a 5% decrease in the first quarter of 2010, notes CIAB.
July 19 -
Organizations are most fearful that the return on investment isn't worth the cost of ownership.
July 19 -
Two of the industrys top advocates in Washington give INN an inside look as landmark legislation passes.
July 19 -
Reported to be the 10th-largest securities class action settlement in U.S. history, AIG will pay $175 million within 10 days of preliminary court approval of the settlement. AIG also expected to name Mark Wilson AIA Group CEO.
July 19 -
Ascinsure Specialty Risk to offer insurance solutions for crane owners and operators, scaffolding, rental equipment and party goods dealers and all types of inland marine markets.
July 19 -
Insurers may want to note that as the use of mobile banking increases, many consumers still prefer traditional channels for more-complex transactions.
July 19 -
Life insurers have rebounded from last years struggles, recognizing a 20% increase in the industrys absolute capital from Q1 2009 to Q1 2010.
July 16 -
West Bend hopes to adapt the program as a rating engine for all of its lines of insurance.
July 16 -
Policy circles already are abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.
July 15 -
As landmark legislation makes it way to the Presidents desk, insurers look ahead to rule-making phase with trepidation.
July 15 -
Black Hat was set to expose Chinese cyber-attack capabilities until big-money agencies stepped in to silence them.
July 15
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Industry cheers flood extension as wind damage amendment complicates matters.
July 15 -
The Senate approved the bill by a vote of 60 to 39; it now moves on to the president, who is expected to sign it next week.
July 15 -
Lawmakers voted for cloture with the help of three key Republicans, meaning the Wall Street Reform and Consumer Protection Act must now clear a simple majority to pass the Senate.
July 15 -
CNA to cede about $1.6 B of net asbestos and environmental pollution liabilities to National Indemnity Co.; A.M. Best's ratings for CNA unchanged.
July 15 -
The reform bill, which could pass today, should make the Fed a more assertive regulator focused on anticipating the next systemic threat.
July 15 -
A survey shows that 3% of firms were customer-centric organizations, while 33% of firms were customer-oblivious organizations.
July 15 -
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With Bill Bloom leaving Travelers for ExlService Holdings, the Hartford-based insurer tapped 2008 Women in Insurance Leadership honoree Madelyn Lankton and Elio Lagana to fill the void.
July 14 -
Sales analytics tools offer insurers significant benefits, says Aberdeen.
July 14 -
Ten years out, insurers will experience four significant business shifts that will create new technology trends and transformative opportunities for insurers, notes report.
July 14 -
In an ever-competitive market, long-term viability of Islamic insurance sector supported by growth, profitability.
July 14 -
Annuities deemed not to be securities and will remain under state regulatory purview.
July 14 -
Essent Guaranty says it's lined up $100 million of fresh capital, bringing its total equity commitments to $600 million.
July 14 -
Senate passage may come Thursday after Sen. Nelson's commitment.
July 14 -
The consulting firm announced its 50 top U.S.-based life and health insurer list for the 20th straight year.
July 13 -
The consulting firm announced its 50 top U.S.-based property/casualty insurer list for the 20th straight year.
July 13 -
The Department of Health and Human Services says it wants "well-intentioned providers to become meaningful users of electronic health records."
July 13 -
Last procedural roadblocks blocking landmark legislation are cleared as Sen. Olympia Snowe signals she will back bill.
July 13 -
SunGard, in collaboration with Microsoft and HP, has created a new enterprise risk management (ERM) framework that will help support insurance companies' Solvency II (SII) compliance initiatives. The three companies have identified and packaged in the framework technology components and consulting services (SunGard's iWorks ERM solution, HP's consulting services and infrastructure portfolio, and Microsoft's HPC and SQL servers) that can help insurance customers define and implement a comprehensive ERM technology framework that supports SII requirements, reports SunGard.
July 13 -
GoodForLife bundles life insurance and severe accident and critical illness benefits, begins to return premiums paid at age 65.
July 13 -
Fitch affirms ratings of AIG and CIGNA; Moody's and S&P react to the announcement that Aon plans to acquire Hewitt Associates.
July 13 -
Despite major catastrophes, property/casualty insurers accounted for an after-tax net income of $11.5 billion, report says.
July 12 -
Researchers and TV shows have already proven that its possible, but is it advisable?
July 12
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Allegient Systems Expense and Reporting Management Suite will provide Southern Pioneer with legal bill review and performance management services.
July 12 -
Claims-handling, licensing and underwriting issues continue to dominate the annual list of market conduct exams.
July 12 -
Both the Property Casualty Insurers of America (PIA) and the American Insurance Association (AIA) hailed a Michigan Supreme Court’s 4-3 decision stating that the Michigan insurance commissioner does not have the authority to arbitrarily ban the use of credit-based information by insurers in pricing and underwriting. The decision, which arose from the Insurance Institute of Michigan, et al v. Commissioner, Michigan Financial and Insurance Services, Department of Labor and Economic Growth, plays forward in positive ways for insureds, notes David Snyder, vice president and associate general counsel of the AIA.
July 12 -
Agents responding to a survey say their customer service reps save several hours daily by using electronic, real-time carrier sites/portals, but theres still room for improvement.
July 12 -
Broker pays $4.9 billion to acquire outsourcing consultancy Hewitt Associates.
July 12

