Distribution

  • LONGMONT, Colo.--- First MainStreet, a northern Colorado financial services organization offering banking, insurance, trust, investment and mortgage products and services, announces that First MainStreet Insurance acquired Value Quote Insurance, a Longmont-based insurance agency guiding individuals and businesses through the health insurance purchase process, and providing administrative services for employee benefit programs. Details about the transaction are undisclosed.

    September 3
  • If imitation is the sincerest form of flattery, then U.S. insurance companies are making their contribution to this well-worn axiom.North American insurers currently are pursuing global expansion at the brisk pace rivaling European insurers' foray into U.S. markets in the early 1990s, according to a recent report by Needham, Mass.-based research and advisory firm TowerGroup.

    September 1
  • Despite all the progress that has been made in developing agent-carrier interfaces, insurance agents, particularly those who are independent, want more workflow support than they're currently receiving from the insurance companies with which they conduct business.In a survey conducted by Scituate, Mass.-based Deep Customer Connections (DCC), there's a gap between agents' expectations and carriers' performance-a gap that has widened since DCC's first survey last year. The Web-based poll was sent to more than 40,000 independent insurance agencies and brokerages nationwide.

    September 1
  • In sports, a coach frequently will encourage an athlete to dig down inside for the motivation to reach new heights. In business, however, improvement often can be the result of a company looking outside its own walls.Many companies across a broad range of industries have turned to outsourcing as a way of improving corporate performance, from call center operations to information technology management. The main benefits of outsourcing are the opportunity to cut costs, to take advantage of state-of-the-art processes and systems and to focus resources on an enterprise's core competencies.

    September 1
  • Most laptop computer users remain bullish on this technology as a portable and user-friendly computing alternative, one that enhances productivity.No doubt, that notion-while true-is also relative. Material damage appraisers for Indianapolis-based Indiana Farm Bureau Insurance Co. once regarded 4.5-lb. standard-sized laptops as the best available tool to support their workflow efforts in handling auto insurance claims.

    September 1
  • LOUISVILLE, Ky. -- Humana Inc. today announced the filing of applications for five patents in pharmacy and health metrics by its Innovation Center. All five of the patent applications are for Humana's use of innovative information technology applications to engage consumers in health benefits.

    August 30
  • Esurance has the top auto insurance Web site based the site's ability to provide quick answers to consumers questions and its easy rate-quote questionnaire, according to a new report by Change Sciences Group Inc. The report, "Online Auto Insurance Customer Acquisition: Customer Experience Benchmarks and Best Practices," ranks Web sites according to their support for the goals of first-time buyers, married couples, and senior citizens. These goals include:

    August 26
  • BOSTON-- John Hancock has launched a new long-term care insurance (LTCI) program called Corporate Solutions for the small business market to help provide individual LTCI at the worksite in the way that best suits employers' and employees' needs.

    August 25
  • EL SEGUNDO--Computer Sciences Corporation today announced the availability of new releases of its life insurance, annuity, property and casualty (P&C) insurance, and reinsurance software components that implement the company's enterprise integration architecture, CSC e4. By using the CSC e4 framework, clients can exploit both the potential of new technologies and the embedded value in their legacy systems.

    August 25
  • COLUMBUS, Ohio-- Nationwide Mutual Insurance Co., one of the country's largest property and casualty insurance companies, has received more than 22,000 claims in the past week for damages from Hurricane Charley. Overall, Nationwide estimates it will receive more than 50,000 claims and losses approaching $400 million.

    August 23