Digital Platforms

The bill reforms the way agents and brokers are licensed.

Holding company oversight system back in spotlight

The onus is on CIOs to understand the business and communicate IT’s benefits in a way that solves business problems. Many are finding success by first providing metrics that the business can relate to, and then managing the CEOs expectations.

The National Association of Insurance Commissioners has established a working group to oversee AIG insurance interests, and to ensure that policyholders of the insurance subsidiaries remained protected.

As the government assumes control of the company, the specter of new regulation rises.

An $85 billion bailout loan gives the government 80% equity interest in the insurance giant.

Late Tuesday, the Federal Reserve Board made an unprecedented move to rescue American International Group Inc., giving the U.S. government a 79.9% stake in the failing company.

The support and maintenance has been extended over the next 28 months, and continues the growth of a business partnership that began in 2003.

Pinnacle Life, Allied North America and Harleysville Insurance win first, second and third place in Insurance Networking News’ 2008 INNovators Award.

Standard & Poor's, Moody's, Fitch and AM Best all have downgraded AIG's credit rating.

Total losses are expected to make the hurricane the third-most expensive in history.

New York Governor says the company will be permitted to access $20 billion

The Novarica ACE Rankings document the “Average Customer Experience” of insurers with various technology solutions.

Facing a potential downgrade from credit ratings agencies, AIG is seeking a $40 billion bridge loan from the Federal Reserve.

Association says SEC prematurely quelled debate on rule to regulate fixed annuities.

Association offers its support for bill that would establish federal insurance advisory.

Insurance execs expect sub-prime issues to have significant negative impact on 2009 financial performance, and 36% of the execs expect the risk associated with adequately pricing risk, to be the most significant challenge over the next three to five years, according to a survey conducted by KPMG.

AIG and four former senior executives have agreed to pay shareholders $115 million to settle claims stemming from charges of self-dealing transactions.

New research predicts a shift in IT priorities as the deadline for comprehensive regulations for European insurers nears.

The property/casualty association believes the National Flood Insurance Program (NFIP) offers vital protection to policyholders, and is important to the U.S. economy.

Association says its support comes with caveats.

The Sting Trailer was built to aid in the successful apprehension of organized cargo theft rings.

As more and more blogs penetrate the Web-o-Sphere, the industry shouldn’t be surprised that a blog that tracks and comments on health and life insurance blogs is becoming mainstream.

Strong Q1 universal life sales kept overall life insurance sales from dropping during the first six months of 2008, but Q2 premiums were flat, says the organization.

The GOP's support of federal disaster insurance reform follows the Democratic National Committee's call in late August to create a National Catastrophic Insurance Fund.

Complex market requirements call for complex technology offerings by policy administration solution providers.

The law is intended to curb abusive tactics targeting senior citizens.

CRC Insurance Services Inc. completed the purchase of Southern Risk Operations LLC.

Robert Dunn continues to serve on Integro's Canadian board, while Mark Rankin was elected as a director.

BlueCross BlueShield of Tennessee will use the software to automate new business quoting, rating, underwriting and enrollment.

Business professionals recognize the importance of IT security investments and predict and increase in their budgets for 2009.

Broker’s risk management platform heralded as success at “The Review’s” awards ceremony in London.

By acquiring data sets containing VINs that meet specific "indicators" of insurance fraud and/or vehicle theft, the National Insurance Crime Bureau improves its recovery rate.

Report says modern policy admin systems a fit for growing Islamic insurance market.

In its third annual program, Insurance Networking News recognizes the accomplishment of female industry leaders.

With overall predicted losses topping $10 billion, insurers’ mobile teams and technologies may need to remain in hard-hit areas as three more tropical storms line up behind Gustav.

Without congressional action, the National Flood Insurance Program will expire at end of month.

The association lists its objections to a proposed rule change in a letter to the SEC.

The NICB Board elected Joseph Wehrle, Jr. to succeed Robert Bryant as president and CEO, effective at the close of business, September 2, 2008.

FARMERS SELECTS 360VALUE TO ESTIMATE HOME COSTS

ADOBE UPDATES ITS LIVECYCLE ENTERPRISE SUITE

SAPIENS, IBM AND MILLBROOK PARTNER ON BI

To maintain vigilance, information security officers need to combine technological savvy with knowledge of the business.

Global insurance outsourcing is growing at a CAGR of 8%, expected to become a $24 billion industry next year.

Based on findings from a new Fitch Ratings report, the property/casualty profitability decline is a result of poor investment performance and deteriorating accident-year underwriting results.

A new report says insurers need to clearly define the position for these jacks-of-all-trades.

The company's chief claims officer says the claims function has evolved in such a way that it now requires more sophisticated technical expertise and the ability to coordinate diverse and complex information systems.

Survey of reinsurers confirms that property catastrophe data integrity impacts reinsurance pricing, and predicts that implementing world-class data quality controls and management practices has the potential to create a win-win for all parties.

When asked, "What is the top issue facing the insurance industry?," 44% of survey respondents chose competitive price/adequate profitability.

Swiss Re contends a country risk officer, comparable to the role of a chief risk officer, is a useful model to develop an integrated perspective across the social, economic and environmental risks of a country.

Association says the proposal to reclassify indexed products as securities is unnecessary.

Designed specifically for insurers, the tool provides assessment of likely tropical cyclone impact.