Digital Platforms

SEC chief says new oversight a necessity.

A recent study reveals that small business owners are unfamiliar with the risks involved in workers’ compensation insurance from self-insured groups.

C. Brett Nilsson, David Daniel, Mike Miley and Tom Minkler will navigate Big "I" members through the current uncertainty wracking the nation during this economic crisis.

New Celent report says insurers need to get bigger, leaner and smarter.

The Fed plans to use bonds from AIG’s life business units as collateral for the latest bailout.

A new study from Norvax Inc. says that while many consumers look, few buy health insurance online.

Agencies continue to cautiously grow despite shaky economy.

Anti-money-laundering systems vendor Norkom Technologies is teaming with IBM to deliver a more comprehensive approach to combating financial crimes.

BancorpSouth is one of many bank-owned insurance agencies that's struggled through a cycle of low commissions the past three years, but is now bucking the trend.

The former AIG CEO bailed on his appearance at a House committee hearing due to illness.

Insurers that do not innovate will not realize success until they fully recognize, embrace and apply innovation to a “customer is king” approach.

Dr. Akshay Gupta will be responsible for managing and developing the Catastrophe Risk Engineering practice.

Red Herring and Deloitte recognize Camilion in their annual rankings.

Seeking $2.5 billion, The Hartford Financial Services Group Inc. references impairments on its investment portfolio, with approximately 75% related to investments in the financial services sector.

Insurance industry voices its displeasure at Schwarzenegger’s veto.

The move to establish an optional federal charter for insurers should proceed, author says.

Chosen for her depth of carrier-specific insurance enterprise IT experience, Karlyn Carnahan, CPCU, reflects the industry’s latest analyst traffic.

Washington - The U.S. House of Representatives voted to approve a revised $700 billion bailout plan for the financial markets Friday, just four days after rejecting the original version and clearing the way for President Bush to sign the historic package.

The embattled insurer will peddle its life and property/casualty businesses in an effort to repay its $85 billion government loan, and plans to refashion itself into a global property/casualty insurer.

Having called for the impending doom of another major insurance company, MetLife and The Hartford both release assurances of safety.

Butler Group says that in order to improve competitiveness, organizations must urgently address the growing dislocation between the business requirements and IT deliverables.

A new Celent report says countless variations of administrative forms can exact a heavy cost on insurers’ bottom lines.

Senate Majority Leader Harry Reid, in pressing for passage of a $700 billion financial system rescue plan, said yesterday that a "major" insurance company was about to go bankrupt if financial markets weren't calmed.

The insurer is rumored to be considering selling more than 15 businesses, including International Lease Finance Corp., a stake in a large U.S. reinsurer and billions of dollars in properties.

According to Sun’s Scott McNealy, Java and open source will force the insurance industry to abandon legacy systems and step into the future.

NEW DATABASE APPLIANCE

UNITED AMERICA SELECTS POLICY ADMIN SOLUTION

While advanced computing and technology is typically a blessing, with more avenues for exploitation, it also can be a curse for IT security.

Bilked for billions of dollars annually and facing tough economic times, insurers are reaping benefits by outsourcing fraud mitigation.

The announcement closely follows a deal facilitated by the FDIC for Citigroup to take control of Wachovia's five depository institutions.

The extension of the plan, which was set to expire today, will allow the program to continue operating under its current terms through March 6, 2009.

Company teams with Sun to deliver POINT IN J for carriers seeking a platform-flexible policy administration system.

Centerview Partners will assist in evaluating potential sales of AIG's 71 member companies, many of which are located in New York.

Certification Commission’s research finds more than $700 million in funding for electronic health records (EHR) software and implementation costs.

The carrier will help the healthcare insurer automate clinical data collection.

A free online service provides necessary state-by-state hurricane-related bulletins and department of insurance compliance information.

Bill seeks to redress perceived tax advantage for foreign-based reinsurers.

Life insurance association says market turmoil underscores need for regulatory changes.

Opponents of the legislation claim enactment would hurt consumers.

Top leaders of both banking committees and representatives from both political parties emerged after three hours of negotiation to say they had worked out a final deal on a bill to create a facility to buy troubled loans.

Within five years, Everest Research projects spending for global business process outsourcing (BPO) by the financial services sector will reach US$145-$165 billion for India-based services, the hub of global sourcing for financial services.

Consumers boost ratings of life insurers’ Web sites slightly, but ranking is still below the overall cross industry benchmark.

Under the terms of the deal, interest will accrue at 8.5% above the rate of the three-month London Interbank Offered Rate, which is the rate at which banks lend to each other. AIG also will pay commitment fees.

Berkshire Hathaway also will receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which is exercisable at any time for a five-year term.

Experts predict a sale of AIG operations in Asia will benefit Aflac Inc. and Prudential Financial Inc. on the Japanese side, and Prudential UK in the non-Japanese Asian countries.

Users send a short messaging service with qualification information and get a reply with confirmation of the coverage.

After making key acquisitions, the software giant officially unveils an insurance unit.

AIG works quickly to shore up support and stave off panic as its leadership transitions and the marketplace repsonds.

The solutions will combine the expertise of IBM's Global Business Services and Norkom's financial crime and compliance software.

As AIG looks to resolve its liquidity problems, some potential buyers are eyeing its diverse group of life insurance businesses.

AIG sued by pension fund.

Companies agree business process management is important, but they lack discipline and structure.