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Downturn results in biggest drop in 66 years.
June 2 -
Travelers chosen "to restore the financial industry to full representation in the Dow.
June 2 -
Experts say that the next wave of bank and wealth management products will be linked more to insurance offerings to provide customers more guaranteed income streams.
June 2 -
In a down economy, gold futures are up, and the insurer is betting on a healthy return on its investment.
June 1 -
The insurance industry was at the forefront when mainframe technology began to be used in business some 40 years ago, but we quickly lost that reputation in the years since. In fact, insurance—by nature a risk-averse business sector—has been slower than most to adopt new technologies, and wireless devices are no exception.
June 1
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Rochelle, Illinois is probably not the first place one would look to find a data center replete with leading edge technology. Yet, it is here in this pastoral hamlet 80 miles west of Chicago that Northbrook, Ill.-based Allstate Insurance Co. has built a new facility that employs a mix of technologies and design elements to markedly reduce energy consumption.
June 1
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Auto-Owners Insurance Group and Transamerica Life Canada among those rated in A.M. Bests most recent reports.
June 1 -
Puerto Rico-based property and casualty firm Universal Insurance Co. has contracted with The Insurance Automation Group to develop an enterprise software solution to automate its surety bonding workflow. Insurance Automation Group is the developer of iAutomate: Erlon Surety, a leading surety workflow automation solution for insurance firms.
June 1 -
Western & Southern Financial Group, (Western & Southern) a financial services company that provides consultative risk management financial solutions for individuals preparing for or in retirement, announced its total annuity sales reached $1.25 billion for first four months of 2009.
June 1 -
Supporters of an optional federal charter (OFC) for insurers are taking exception to a New York Times editorial, which charged that an OFC would engender regulatory arbitrage.
June 1 -
The Travelers Companies Inc. wants to have a voice when it comes to the future of the P&C insurance industry. The company established The Travelers Institute as a means of participating in public policy dialogue on matters of interest to the P&C insurance sector, as well as the financial services industry more broadly. The Travelers Institute will draw upon the industry expertise of Travelers’ senior management and the technical expertise of its risk professionals and other experts to provide information, analysis and recommendations to public policy makers and regulators.
June 1 -
Vertafore, a provider of software and services to the insurance industry, today announced that TransactNOW and PL Rating facilitated more than 3.4 million agency-carrier transactions in the first quarter of 2009. The strong first quarter results show that agency-carrier connectivity has reached a critical mass, with more carriers enabling real-time transactions through Vertafore's systems and more agencies taking advantage of this connectivity, the provider says.
June 1 -
Trusted Choice, the consumer branding program for independent insurance agents and brokers, named the Ronan Agency the Trusted Choice Agency of the Year for 2008-2009.
June 1 -
HP is integrating its enterprise document automation software, HP Exstream, with SAP BusinessObjects Postalsoft software, the companies report. Building upon the proven successes of HP Exstream and SAP BusinessObjects Postalsoft, this integration is designed to enable enterprises to have a complete and reliable end-to-end solution, inclusive of mail sorting software and postal optimization.
June 1 -
The insurer plans to sell $1.25 billion in stock and use the funds to boost capital or repay debt.
June 1 -
Technology can integrate loss-inspection reports into workflows, and create a standardized way to collect and decipher information.
June 1
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Insurers often label legacy expertise as "outdated," yet these are the minds and theories that built the industry.
June 1
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Insurers increasingly are choosing to direct bill insureds. But that can pose communication problems between insurers and agents.
June 1
