Subject Root Tag

Springfield, Mass. — MassMutual Financial Group is featured in "America's Greatest Brands," a large-format book that annually recognizes the strongest and most trusted brand icons.

New York — AIG Executive Liability, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), announced AIG e-Discovery Solutions, a program of e-discovery-related products and services to help all of AIG Executive Liability’s clients, including the division’s directors and officers and errors and omissions insureds, more effectively manage the e-discovery process. AIG e-Discovery Solutions is a claims service offered by AIG Executive Liability to their clients.

Blythewood, S.C. — CSC plans to add 300 jobs in Blythewood, S.C. The Columbia area was selected from more than 225 cities to be the first CSC World Sourcing Service Center in North America due to the prestigious Blythewood facility, an attractive business environment, and the availability of well-trained IT resources in the community, according to the company.

Waltham, Mass. — Ipanema Technologies, a France-based provider of application traffic management systems for wide area networks, was recognized in the Deloitte Technology Fast 50 for France and the Fast 500 for EMEA (Europe, Middle East and Africa).

Chicago — Tri-City Brokerage, a division of Crump Insurance Services Inc., a Dallas-based insurance wholesaler, announced an expansion of their binding authority group, Tri-City Binding Authorities. The new financial services binding authority provides D&O, E&O, EPLI, Crime and Fiduciary coverage for numerous classes. Target industries include community associations, nonprofit organizations and for-profit companies, miscellaneous service providers, property managers and technology service companies.

Hopkinton, Mass. and Carlsbad, Calif., - EMC Corp., a Hopkinton, Mass.-based information infrastructure solutions provider, and Carlsbad, Calif.-based Document Sciences Corp. signed a definitive agreement whereby EMC will acquire publicly-held Document Sciences in a cash transaction valued at approximately $85,000,000. Document Sciences is a provider of document output management (DOM) software that facilitates highly personalized, multi-channel communications to customers, partners and suppliers. The acquisition complements and extends EMC's position in the transactional content management marketplace, the fastest-growing segment of enterprise content management, according to the company.

Edison, N.J. - Sudhakar Ram, the chairman, managing director and group CEO of Mumbai-based Mastek, the parent company of Edison, N.J.-based MajescoMastek, has been honored as the 2007 CNBC Asia "India Business Leader of the Year."

Washington – A new study claims that the property/casualty insurance industry continued in 2007 to systematically overcharge consumers and reduce the value of home and automobile insurance policies, leading to profits, reserves and surplus that are at or near record levels. Not surprisingly, the study drew a sharp rebuke from members of the insurance industry.

Core systems, front office and data mastery top the list of IT initiatives for 2008.

A new study from Gartner and ACORD finds that while insurers continue to adopt XML initiatives, they're not following the best practices in XML governance, funding and oversight.

New York — Ellen Melchionni, CAE, was recently named president of the New York Insurance Association Inc. (NYIA). Her appointment was effective Jan. 1, 2008. Melchionni succeeds Bernard Bourdeau, CAE, who retired after 18 years of service to the organization.

Los Angeles — Farmers Group Inc., announced the appointment of Scott Lindquist, currently controller of Genworth Financial, to the position of executive VP & CFO.

Lexington, Mass. – A recent survey finds that carriers are seeking underwriting automation and to ease their interactions with agents.

Simsbury, Conn. — The Hartford Financial Services Group Inc., appointed Peter Smyth senior VP and director of strategy, development and operations for International Wealth Management.

Boston - AIR Worldwide Corp. (AIR), a provider of risk management data and services, announced results of the latest research by its team of scientists into the link between the formation of hurricanes in the Atlantic basin and landfall activity. The latest findings provide a context for better understanding the 2004-2007 hurricane seasons and demonstrate that using Atlantic basin activity as a proxy for landfall activity can lead to erroneous estimates of both landfall risk and potential insured losses, says the company.

Jacksonville, Fla. — Life of the South Corp., a provider and administrator of credit insurance and payment protection services, announced that Elaine Pelletier, ASA, MAAA, joined the company as VP and chief actuary.

New York – Deloitte Consulting LLP has unveiled the results of its 12th annual life and annuity back-office operations benchmarking studies, LIONS 2007 and ACES 2007, which provide comparative analysis to benchmark expenses for operations and information technology among insurance companies. The analysis covers a variety of topics including efficiency, effectiveness, key trends, use of technology and business performance.

Stamford, Conn. — IVANS Inc., a provider of Medicare connectivity solutions and services, introduced a new high-speed, multi-user Internet solution for healthcare providers processing Medicare transactions, called LIME.

Cincinnati - With some 76 million baby boomers moving into retirement, the life and annuities industry is poised to grow at an exponential rate. Transforming labor-intensive paper processes into electronic ones is imperative to successfully serving this rapidly expanding market.

Northbrook, Ill. — The Collision Industry Electronic Commerce Association (CIECA) completed and published its eighth BMS Standards Release, 2007R2. Part of this new release is the subrogation assignment message.