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JEVCO INSURANCE GOES LIVE WITH POINT-OF-SALE PORTAL

Getting it right the first time became a goal worth pursuing for this Hastings, Mich., P&C insurer.

According to recent survey results, many insurers recognize the need to better integrate IT risk management with overall risk management programs and processes.

P&C insurers turn to geographic information systems (GIS) to augment computer-based catastrophe models, help mitigate weather-related losses.

The Leavitt Group is reducing costs and boosting productivity by faxing online with the service MyFax.

Whether insurers like it or not, their operations are intrinsically linked to political correctness.

As market conduct examinations become more strenuous, insurers look to technology to manage complex requirements.

Competition among auto insurers is stiffening; measuring customer service/satisfaction may help them get a leg up.

Given the critical importance of beta testing, carriers and vendors must work together to devise strategies to realize the best possible results.

Insurers are finding new areas and new ways to utilize business intelligence and predictive analytics.

In order to put more digital technology to use for patients, healthcare providers must work together and share electronic health records and resources, a Geisinger Health System expert says.

The insurer is using Insurance Decisions for policy administration, claims management, billing, data warehousing, reporting and business intelligence.

Aon's RiskConsole offers a new environmental module that provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process.

Ted Mathas succeeds Sy Sternberg, New York Life’s chairman and CEO since 1997, who will retire after 19 years of service.

The law would stiffen punishment for securities law violations targeting senior citizens.

SMART Business Advisory and Consulting LLC assumed the clients and personnel of Aon’s Insurance Consulting Services.

Dubai — Chicago-based Aon Risk Services is opening a new mergers and acquisitions service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa (MENA) region.

Boston — As the hurricane season begins, statistics and research indicate catastrophes and their repercussions should be top of mind for insurers. A report recently completed by Boston-based catastrophe risk modeling firm AIR Worldwide Corp. estimates that over the past three years the insured value of properties in coastal areas of the continued to grow at a compound annual growth rate of just over 7%. Despite the recent weakening of the real estate market in many areas, the insured value-or the cost to rebuild properties-has maintained an annual growth rate that will lead to a doubling of the total value every decade.

London — Marsh Ltd., the London-based subsidiary of the New York-based brokerage, has signed a deal to outsource its back office functions.

A coalition of insurers, health care providers and technologists push industry standard.