Digital Platforms

In a significant overhaul of their plan to rescue AIG, federal officials have agreed to inject billions of dollars into the insurance giant while easing terms of an existing credit line.

Web site provides policyholders with a choice of autobody collision repair shops.

Connecticut legislator stays in position to oversee expected financial regulatory reforms.

A political action committee for agents and brokers scored big on Election Day.

The solution is designed to provide customer quotes in less than five minutes; Farmers agents receive more qualified leads.

Enhances protection of spreadsheet data and simplifies anti-fraud processes

ICW Group's work comp customers can take advantage of just-in-time training for new-users, including online training videos, safety webinars and bi-weekly e-mails highlighting safety training topics.

Despite some high-profile deployments, service-oriented architecture is being held back by competing standards and varying implementations.

Although Hartford says it will cut 500 jobs this month, it plans to introduce two variable annuities in Germany in the first quarter and is considering expanding further in Europe and Asia.

A new report from TowerGroup examines the profitability of the life insurance industry in the wake of the current financial crisis.

The U.S. Department of Justice concluded that the “public interest would not be further advanced by filing criminal charges” on former Governor Eliot Spitzer, who resigned from office less than eight months ago amid scandal.

A federal charter, regulatory and flood insurance reform among many issues soon to receive renewed focus by lawmakers under President-elect Obama.

The California insurer says its free, Web-based service, RMRx, is designed to simplify development and implementation of workplace safety programs.

New York and Chicago — Voting is still underway for the 2009 Vanguards in Insurance Practices (VIP) awards, presented by Insurance Networking News (INN) and Celent, a member of the Oliver Wyman Group.

The company cites its capitalization status, and “policyholder best interests” as reasons to reject government funding.

Progressive says plan is simplify and improve agents’ workflows and make it easier for them to conduct business with the carrier.

Electronic health records (EHR) software gets a boost from the Massachusetts Blues, but can they keep the momentum going?

Managing regulatory risk tops list of concerns for today's risk managers; burden expected to increase, according to ACE.

Key new rating variables that are being incorporated into insurers’ predictive models include homeowners rates by peril, homeowners rating by building characteristics, vehicle history and usage-based auto insurance, according to the Casualty Actuarial Society.

Microsoft is the latest vendor to climb into the clouds with its Azure platform, but slow on the uptake as other vendors use Microsoft’s ideology to get there first.

Predicting future losses up to $235 billion, study reveals only $30 billion of total economic losses along the California fault line are likely to be insured.

Until regulatory approval for the acquisition of the insurance companies is obtained, GMACI will continue to write reinsurance and collateralize obligations, which Maiden will reinsure on a 100% basis.

Fred Langhammer's sudden departure was announced in a filing with the U.S. Securities and Exchange Commission.

The Hartford’s CEO releases a statement saying the insurer’s capital position is more than sufficient for current market conditions as well as in the event markets deteriorate further.

Boulder, Colo. — Enterprise Management Associates (EMA), an IT management research and consulting firm, released a new advisory note, “What the Economic Crisis Means for IT Security and Risk Management.” In the advisory note, EMA research director, Scott Crawford, highlights the impact of the current financial industry meltdown, and its implications for the management of security and risk in IT.

Software, personnel transfer to AQS from ISO Insurance Technology Solutions

New whole company modeling and backtesting functions are designed to help insurance companies better manage financials.

The service will supply summarization and electronic delivery of life insurance policy application medical files and associated documents to support new business process.

GLOBAL CASE MANAGEMENT

ALLIANZ SELECTS RISK MANAGEMENT SOLUTION

Also receiving recognition this year are four leaders who have successfully driven significant project and/or process improvements within their companies.

Hurricanes may have superceded earthquakes as the catastrophe du juor, but insurers know they can ill afford to ignore quakes.

Insurers are beginning to realize that effective ERM requires a wide view of the entire enterprise.

For the third consecutive year, INN recognizes the unique accomplishments of the industry's prominent female leaders.

Popularity of business process management is driving vendors to enhance their offerings with business rules technologies.

The carrier cites market instability as it reports a $166M net loss.

Code of practice for risk management is designed to govern principles, models and processes.

Whether the customer is an agent/broker or a consumer, Datamonitor suggests insurers develop an online sales strategy to lower customer acquisition costs, as well as gain control of the customer relationship.

Association says CPP should expand to include life insurers.

Report says company rapidly spending bailout funds

To buttress its balance sheet, the insurer is accepting $3 billion euros from its government.

At the Casualty Loss Reserve Seminar attendees listened to actuarial experts discuss the effect increasing workers’ compensation medical costs will have on P&C insurers.

Conducted before the economic crisis, an ERM survey reveals that carriers face substantial work in incorporating risk management into business processes and decision-making.

New guaranteed income products can bridge retirement security gap and win assets and fees, notes Conning Research.

Wells Fargo & Co.’s deal to acquire Wachovia Corp. has not stopped Wells from launching new investment products, including a new socially responsible fund.

Industry will fight regulatory battles on several fronts, association head warns.

Insurance association says that the industry is well capitalized and should forego aid from the government.

Algorithmics has been selected as the winner in two different categories: functionality and innovation.

Key challenges include administrative hurdles and providing clear, easy-to-understand information to employees.

The retirement solutions association new service is designed to provide implementers of the STP Standards Initiative with an easy-to-use tool to expedite the testing of electronic data messages against a neutral, standard reference system.

In light of the financial services meltdown, a report says insurers should augment their governance, risk management and compliance capabilities to prepare for coming regulatory changes.

Data center pros say their organizations are unable or unwilling to meet the expectations of their green initiatives, according to a new study by Aperture Research Institute.