Insurance

DST Systems Inc., a provider of information processing solutions and services to the asset management, insurance, retirement, brokerage and healthcare industries, has released DST Insurance Solutions’ InPayce payout solution.

The industry constantly hears about the problem of retiring knowledge workers and that young people aren’t drawn to insurance careers. The Independent Insurance Agents & Brokers of New York (IIABNY) is doing something about it. On December 7 the association hosted more than 50 high school students who participated in InVEST, an insurance industry classroom-to-career education program.

Fledgling social network offers unique potential if search engine personalization comes to fruition.

Experts say thanks to a dearth of Federal support, it isn’t a stretch to imagine a power grid cyber attack that takes out the Internet, grinding communications and businesses to a halt in the process.

Columbus Life Insurance, a provider of retirement, estate planning and advanced business planning services, has selected iGO e-App to automate and streamline business processes for independent producers. iGO is a product of iPipeline, a creator of marketing, selling and processing solutions for insurance carriers, distributors and producers.

COUNTRY Financial, out of Bloomington, Ill., has licensed the PolicyWriter software suite from Adaptik Corp. to serve as the heart of its next generation personal lines policy administration platform, the companies report.

Warm weather offers favorable conditions for car thieves, while holidays and cold weather bode well for potential victims, according to a new report from the National Insurance Crime Bureau (NICB).

Despite pressure to upgrade and leave legacy systems behind, COBOL has remained not only relevant, but common among IT systems within the industry.

Despite high levels of unemployment, U.S. business leaders say one of the biggest risks they’re facing is a talent and skills shortage, according to the 2011 Lloyd’s Risk Index.

As an IT solution for complex integration, service-oriented architecture (SOA) has seen success in some insurers’ organizations. However, from a business and architecture perspective, it leaves more to be desired, according to a new report issued today by Boston-based research and consulting firm Celent.

In 2012, the U.S. life and annuity insurance industry will be challenged to find ways to manage both capital and risk in an economically and politically uncertain year, while continuing to lay the groundwork for future growth, according to Ernst & Young's new Global Insurance Center U.S. Outlook report.

Insurers in Britain may have a new data set to consider in their predictive analytics endeavors: the increase in claims due to personal lines property/casualty policyholders’ “do-it-yourself” (DIY) home improvements.

Executives from Oregon Mutual Insurance and Western Life Insurance join Celent analysts to share their views on the nuances of creative disruption, and how insurers can benefit from its philosophies and practices.INN is pleased to present, with permission, occasional videos from Celent, a research and consulting firm and a member of the Oliver Wyman Group. These videos originally appeared on Celent's website as part of the firm's educational offerings.

Torus, a specialty insurer, and Starr Underwriting Agents Ltd. have entered into an agreement whereby Torus Syndicate 2243 will acquire the renewal rights to CV Starr Syndicate 1919’s continental European marine, casualty and financial lines, and general property business, effective Jan. 1, 2012. Both Torus Syndicate 2243 and CV Starr Syndicate 1919 are managed by Starr Managing Agents Ltd.

10 years after the original call for agile business philosophies, where are insurers prevailing and what do they have yet to learn?

Last decade, car crashes were the leading cause of teen deaths, with 16-year-old drivers possessing crash rates two times greater than 18-to-19-year-old drivers and four times that of older drivers. But Allstate and the National Safety Council think they know how to cut into the 81,000 fatalities resulting from crashes involving teen drivers between 2000 and 2009, claiming in a new report that nationwide GDL laws have the potential to prevent over 2,000 such deaths and save $13.6 billion annually.

The soft pricing that has defined the property/casualty market for years may finally be ebbing.

The Centers for Medicare and Medicaid Services has issued a final rule to make available standardized extracts of Medicare claims data to facilitate measuring the performance of providers and suppliers. The rule has significant changes that enable use of clinical data along with the claims data.

Philadelphia Financial Group Inc. announced will pay $117.5 million for all of the assets of Hartford Life Private Placement LLC (HLPP) from The Hartford Financial Services Group Inc.

The Centers for Medicare and Medicaid Services has published a final rule, with a comment period, establishing health insurers' "medical loss ratios," including provisions to account for ICD-10 conversion costs.