Insurance

Nationwide Funds’ president sees “light at the end of the tunnel” with new products and distribution initiatives.

Deal is an acknowledgement by risk management solutions provider of critical emergent risk factor: climate change.

Newark, N.J. — Prudential Financial Inc., chairman and CEO John Strangfeld received the 2008 CEO Diversity Leadership Award from Diversity Best Practices for his commitment to integrating diversity into the company's corporate culture and business practices. Strangfeld was recognized along with 10 other leaders at Diversity Best Practices' 15th annual Diversity and Inclusion Leadership Summit and Gala held in Washington .

New York – MajescoMastek, the subsidiary of global technology solutions provider Mastek, reports that the STG Insurance Suite, in its ready-to-deploy application service provider (ASP) model, has gone live for The Responsive Auto Insurance Co., Fort Lauderdale, and will facilitate processing of the carrier’s personal auto business in the state of Florida.

New Berlin , Wis. and Natick , Mass. - Property insurance information provider Marshall & Swift / Boeckh (MSB) and contents valuation provider Enservio will deliver contents valuations for property claims through electronic integration between MSB's IntegriClaim property claim estimating solution and Enservio's contents claims management process. Property insurers leveraging IntegriClaim's Administrator function are now able to route contents assignments directly to Enservio and receive back completed contents estimates.

New York — The environment is an ever growing topic of public discussion and businesses are increasingly influenced by potential threats to climate change. However, the potential and sustainability of Green Insurance products and services has not yet been fully examined or determined.

Chicago – The Property Casualty Insurers Association of America (PCI) joined insurance and salvage industry representatives at a meeting last week with the Department of Justice and the American Association of Motor Vehicle Administrators (AAMVA) to discuss proposals regarding insurer and salvage yard reporting of total loss data to the National Motor Vehicle Title Information System (NMVTIS).

Scrutinizing complex claims that carry liability for the physician, health insurers are halting reimbursement for clinical fixes to medical mistakes, says Insure.com.

In a third annual survey, policy administration projects remain the top insurer priority.

Indianapolis - The Indiana Health Information Exchange has launched its Quality Health First disease management and preventive health services notification program.

The free online tool is designed to help homeowners organize and calculate finances before meeting lenders.

EbixExchange and SIGNiX, both Web-based technology providers, have partnered to enable brokerage firms to fully automate processing of annuities.

Privy to a variety of educational sessions, technology showcases and business analytics, rating and underwriting product launches, attendees at ISO’s annual conference were told that “winners will have ERM in all parts of their business.”

Hartford Financial Services, Genworth Financial, Lincoln National and Aegon NV are acquiring banks or thrifts to be eligible to receive capital injections under the Treasury Department's Capital Purchase Program.

Lockton Cos.' Fall 2008 Market Update reports that insurance carriers face an ominous set of facts entering the final weeks of 2008.

The financial security company intends to use the borrowings, along with other sources of liquidity, for the repayment of outstanding holding company debt.

Former Montana Governor will step down as association head in February.

Senator proposes mandatory coverage for individuals.

SMH Capital served as sole placement agent and financial advisor for the formation, structuring and initial funding of WRM America Holdings, a specialty line property/casualty insurance holding company.

Known then as the Associated Hospital Service of Philadelphia, the organization opened its doors Nov. 7, 1938, under the leadership of E. A. Van Steenwyk.