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Armonk, N.Y. – Touting its energy efficiency, IBM Corp. has unveiled its System z10 mainframe. The Armonk, N.Y.-based company says the z10 was designed to increase data center efficiency by significantly improving performance and reducing power consumption, cooling costs and floor space requirements.

St. Louis — Wells Fargo Insurance Services Inc., a Chicago-based, bank-owned insurance brokerage, and a subsidiary of Wells Fargo & Co., acquired St. Louis-based Insurance Brokers of America (IBA).

Replacing manual processes with network technology, carriers grow producer channels and accelerate time to revenue.

NATIONWIDE FINANCIAL ADVANCES TIME TO MARKET

STUDY GAUGES BACK OFFICE EFFICIENCY

IVANS GIVES PROVIDERS HIGH-SPEED CLAIMS PROCESSING

Carriers are taking steps to modernize their claims processing systems and better integrate technologies with existing systems.

A recent survey of actuaries focused on business intelligence strategies for actuaries coping with new challenges surrounding financial reporting, planning, forecasting and risk management.

Technology pioneer Bill Lowe says insurers can reap many benefits by opting for a hosted infrastructure.

Just as carriers are using technology in novel ways to cope with existing regulations, other regs may be waiting around the corner.

Despite its ability to change the face of a company's IT infrastructure, the best approach to SOA implementation is incremental.

Instead of adding hardware to solve a file transfer problem, the AEGON chose a diagnostic software solution.

Mashup applications, which enable divergent data sources, business processes and applications to be combined and streamlined, are on the rise and poised to change the insurance IT landscape.

Washington — The National Association of Mutual Insurance Companies (NAMIC) warned of potentially higher insurance rates for Connecticut consumers if the state adopts a ban on the use of credit-based insurance scoring to underwrite motor vehicle insurance premiums. The Legislature is considering a measure to forbid the use of credit ratings among auto insurers.

Cleveland — Cleveland Clinic is collaborating with Google to pilot features and services of a new health offering. The recently announced Google Health electronic system, not yet publicly available, will assist providers by helping patients gain control of their medical records, which stands to benefit health insurers. Customers will have access their own health records online, enabling them to schedule appointments and refill prescriptions as well as interact with multiple physicians and health care service providers on their own—reducing reliance on an insurers’ customer service departments.

Hartford, Conn. – The Property Casualty Insurers Association of America (PCI) is urging Connecticut lawmakers to reject legislation (SB 288) that would prevent consumers from learning about the full range of their auto body repair options, increase repair costs and, ultimately, force motorists to pay higher premiums.

Mayfield Village, Ohio – Progressive is improving upon its truck insurance program with the addition of cargo and general liability coverage, the company reports.

Westlake Village, Calif. — The American Association for Long-Term Care Insurance recognized the nation's top-100 long-term care insurance producers this week at the 2008 National LTCi Producers Summit held at the Omni Hotel in Atlanta. Nearly 600 leading producers and marketers were in attendance at the Association's seventh national conference for members, the group reports.

After years of insurers pushing ePrescribing adoption, recent survey results show physicians may be more amenable to the idea.

Proponents and opponents of a federal charter exchange barbs over its implications for regulation and revenue.