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Earlier today, Marsh announced strategic changes to its Flood Service Center (FSC) that will allow it to service standard flood insurance policies as part of the National Flood Insurance Programs (NFIP) Write Your Own (WYO) Program.
February 11 -
Underwriting loss increased by $26 billion, net income fell $10 billion, but the commercial P&C sector can expect 2013 to be better financially.
February 11 -
As a combined average, 42.3 percent of Europeans switching auto or household insurers, or buying for the first time, did so online last year, according to Aggregation Metrics: Consumer Approaches to Insurance Comparison Sites in Europe, a research paper from Finaccord. This up from 35.4 percent in 2008, making online aggregators and online comparison sites the fastest-growing distribution channel.
February 11 -
Sue Harnett comes to the company from Citigroup.
February 11 -
The P&C sector leads insurers in mobile offerings, investments; however, life/annuity insurers are investing more in quote and buy capabilities.
February 11 -
Patent provides a method for managing the policies and security of portable devices that store data through a third-party cloud service.
February 11 -
A new report shows mid-size and large P&C and life/annuity insurers are supporting or planning to support bring-your-own-device, especially for tablets.
February 11 -
Veteran of more than 10 years at the insurer, Todd Petit will handle actuarial interface with IT and product development.
February 11 -
See which insurers Superstorm Sandy hit the hardest, as Allstate, Prudential and four others release fourth-quarter and year-end results.
February 8 -
Data experts challenge the basic framework for big data programs.
February 8 -
Insurers can expect winter storm loss damages to return to normal after this weekend.
February 8 -
Analysis from HealthPocket Inc., a health insurance information site for consumers, shows that health insurers have some work to do in the areas of out-of-pocket expenses and transparency. The analysis indicates that 38 percent of plans did not disclose their deductible within its annual out-of-pocket limits, concealing the full amount a person could pay if the “Summary of Benefits” was not read carefully. Once these deductibles are factored in, many plans are not compliant with the Affordable Care Act (ACA).
February 8 -
Stephanie Bush, who has spent most of her career with The Hartford, will return as SVP, small commercial product and underwriting; Rick Newell also named head of small commercial sales.
February 8 -
FFVA Mutual Insurance buys into Valen's predictive analytics suite in an attempt to bolster its underwriting performance.
February 8 -
Technology is poised to shake up the auto insurance marketplace; industry veterans discuss how and when that will happen.
February 7
Celent -
These 8 pillars provide the competitive advantage every insurer is looking for in the post-digital era.
February 7
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Recent survey reveals cyber risks to be the biggest business concern; insurer develops mobile app in response.
February 7 -
A.M. Best says outlook stable for personal and reinsurance, commercial lines negative.
February 7 -
Insurers reluctant to engage catastrophe-prone property and workers' comp business in Q4 2012.
February 7 -
Eleven life insurers, including AXA Equitable, USAA and Metlife, were recognized for their efforts and successes with their online tools and/or website features.
February 6