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Answering the market's call for security, The Manufacturers Life Insurance Company of New York introduced Manulife New York Survivorship UL-G, the Company's first survivorship universal life insurance product to offer lifetime guaranteed coverage.
June 3 -
Madison, Wis.-based CUNA Mutual Group is using a high performance database engine from Objectivity Inc., Sunnyvale, Calif., for its credit union member database. The Objectivity-based service provides CUNA Mutual with an improved ability to track customer records and help its sales staff cross-sell financial services products.Called Objectivity/DB, the engine has enabled CUNA Mutual to build a scalable application that generates a unified, consolidated view for each individual credit union member. With Objectivity/DB, CUNA Mutual provides an integrated set of product offerings tailored for each individual. The system enables CUNA Mutual to access comprehensive credit union member histories as well as provide members with products and services customized for their individual circumstances.
June 2 -
Noodle Specialty Brokers (NSB), a new division of Chicago-based e-broker InsuranceNoodle Inc., has been created to offer professional liability and specialty small commercial property/ casualty insurance products nationwide using technology developed by InsuranceNoodle.Based on InsuranceNoodle's proprietary single entry (SEMCI) technology, Noodle Specialty Brokers provides retailers and wholesalers online access to specialty small commercial products not available from national standard lines small commercial P&C carriers. NSB will offer admitted and non-admitted products as a program manager for nationally recognized carriers.
June 2 -
AIG Technologies Inc. (AIGT), Livingston, N.J., has expanded its Web-based Automobile Liability Insurance Reporting (ALIR) system to support South Carolina's recently announced automobile liability reporting mandate.AIGT's ALIR system enables insurance carriers nationwide to electronically report personal and commercial automobile insurance verification and cancellations.
June 2 -
eAutoclaims Inc., an Oldsmar, Calif.-based claims management services company, has executed the final closing of approximately $2.5 million in new financing. Of the $2.5 million, $2.25 million was a sale of equity to multiple investors at $0.28 per share and $250,000 was an 8% convertible debenture from one of the company's directors.Both the equity and convertible debentures include warrant coverage. This represents additional capital of $900,000 from the company's previous announcement on May 5, 2004. Noble International Investments acted as placement agent on a material portion of this raise and will continue to advise the Company as its investment banker.
May 28 -
BOSTON--John Hancock today introduced a new, highly competitive variable universal life policy for small- to mid-sized businesses, called Performance Executive Variable Life (VL). The product focuses on high early cash values and offers strong cash value accumulation. It has an outstanding selection of investment options, and benefits and features that are among the most comprehensive in the industry.
May 27 -
HARTFORD, Conn. -- The process of proofreading 17-digit automobile VIN numbers or lists of property coverages can consume as much unproductive time for an insurance agency as recording account information with a quill pen. New tools are needed to match the insurance business with the competitive needs of a new century. Thanks to one major insurance company, agencies will soon find they have more time to devote to managing customer relationships, time which used to be spent knee-deep in paperwork.
May 26 -
OVERLAND PARK, Kan.-- Sprint announced plans today to launch Sprint Mobile Claims Adjustor, a mobile solution that will allow insurance claims adjustors to process claims on-site using wireless handheld devices.
May 24 -
LAS VEGAS, NEVADA -Sun Microsystems, a leading provider of industrial-strength hardware, software and services, and Brixlogic, a provider of industry-standard Web Services solutions for the financial services industry, today announced that the two companies are partnering to deliver the first integrated solutions for the ACORD messaging standards.
May 24 -
BLOOMFIELD, Conn.-- CIGNA HealthCare and WebMD Health today announced a multi-year agreement that will offer help to millions of CIGNA HealthCare members in making vital health care decisions and in understanding and using their health care plan. Under the agreement, CIGNA will integrate WebMD Health's comprehensive suite of online health information and decision support tools into myCIGNA.com, the personal health benefits Web portal for CIGNA HealthCare members.
May 21