Compliance

The Senate Banking Committee Chair wants to "eliminate the overlaps, redundancies and additional red tape created by the current alphabet soup of regulators."

One of the most frightening aspects of the financial services meltdown is that it may well happen again. Indeed, a new paper from Society of Actuaries (SOA) and the Joint Risk Management Section says a focus a widespread embrace of enterprise risk management coupled with regulatory enhancements are needed to avert future crises.

Just a year after the launch of its Attachments Warehouse, the National Insurance Producer Registry(NIPR), a non-profit affiliate of the National Association of Insurance Commissioners, announced an enhancement to the licensing tool that electronically stores documents submitted by applicants. NIPR’s Reporting of Actions (ROA) expands electronic filing abilities to enable producers to submit necessary documents for reporting administrative, criminal or civil action.

One of the best things about covering the technology industry is that one doesn’t usually have to sully oneself with the hogwash that passes for discourse and wisdom among our nation’s politicians.

Discoverture Solutions (Discoverture), .a Phoenix-based insurance industry-focused IT solution and service provider, is pleased to announce the company's software development center achieved a CMMI Maturity Level 3 rating during a recent appraisal.

One of the most contentious subjects broached at the National Association of Insurance Commissioners Fall 2009 meeting was the issue of a public catastrophe model.

The National Association of Professional Insurance Agents (PIA) is expressing gratitude for an amendment that counters efforts to exclude independent agents from the health care exchanges envisioned in America’s Affordable Health Choices Act of 2009 (H.R. 3200).

Photos from INN’s Women in Insurance Leadership Forum.

Association says their proposal offers a more comprehensive solution to cross-border reinsurance transactions.

Vice President Joe Biden faced a standing-room-only audience yesterday at a meeting of the National Association of Insurance Commissioners (NAIC), where he discussed the Administration’s health care proposal and the need to create a level playing field in the insurance industry. Biden was invited to speak at the NAIC Fall meeting in National Harbor, Md., where he told members that the reform health care would not impact health insurers’ competitive set. “I want insurance companies to make money,” he said.

Insurers should think less about functions and the data itself, and focus instead on processes.

The Senator's plan would establish a timeline for accelerating the development, adoption and implementation of a set of operating rules for each HIPAA transaction.

Department of Health and Human Services allocates $25 million for medical liability pilot initiative.

A new study says that nearly 26,000 state and federal rules impacting the insurance industry will change or be created this year.

Study’s findings of a lack of FCPA compliance, coupled with a potential increase in federal enforcement activities, could prove a perfect storm for D&O insurers.

Organization of mutual insurers says that seeking to apply the Community Reinvestment Act to insurance companies would be “forcing a square peg into a round hole.”

Consequential bills will advance in House in the coming weeks, NAMIC says.

Norkom Watch List Smart Update designed to reduce costly false positives in detection of financial crime.

INN recognized 10 of the industry’s most successful female insurance leaders at the second annual Women in Insurance Leadership Forum.

GNAIE says measurement approach for insurance contracts proposed by IASB is problematic.