Compliance

Supporters of state regulation say the new study comes short of advocating federal charter for insurers.

The commission unveils full text of ruling that reclassifies annuities as securities.

Report on financial modernization includes a call to reassess the federalization of insurance regulation.

The National Association of Mutual Insurance Companies sent members of Congress and state insurance policymakers a report, analyzing the causes of the nation’s financial crisis.

The organizations will demonstrate ways to implement the 5010 HIPAA transaction standards through existing testing tools, best practices and public-private collaborations that are already broadly recognized within the healthcare industry.

Spun off from Fiserv, the well-known insurance tech giant will take the name StoneRiver—a brand signifying “strength and transformation,” and akin to its adoptive parents, Stone Point Capital LLC.

Allegations of mismanagement at the life insurer are incurring the wrath of state regulators.

Insurance association says ordering insurers to surrender customer data poses a risk.

A group of insurers says that more needs to be done to enable insurers to fairly present their financial statements for year-end 2008.

With the financial services meltdown as a catalyst, insurers will wage legislative battles on the front.

National Association of Mutual Insurance Companies (NAMIC) says the Federal Trade Commission’s (FTC) decision to order nine major insurance companies to provide data for a study of credit-based insurance scoring and homeowners insurance is unnecessary and a waste of money.

Some of the new statutes are designed to reduce claims for accidents or medical needs, push the current limits of employee benefits and refresh the staid regulatory rating environment.

Waltham , Mass. – For the second consecutive year, worries about bribery topped the list of crucial concerns addressed by global corporations, according to a 2008 study conducted by Integrity Interactive Corp., a Waltham , Mass. , firm that helps global corporations manage and reduce risk of compliance failures.

Reston , Va. — NAVA, the association for insured retirement solutions, is praising the selection of former Securities and Exchange Commissioner Mary Schapiro to lead the Securities and Exchange Commission (SEC).

Indianapolis — California insurance consumers and the state’s economy could be severely harmed if proposed changes are made to the state’s insurance rate approval structure. That was the message delivered in written comments to California insurance officials last week by the National Association of Mutual Insurance Companies (NAMIC).

Currently, Rob Howard is Farmers’ AVP, national auto physical damage operations.

MGAs and wholesale brokers see opportunities to apply more of the technologies that the standard market is implementing, such as the ACORD XML electronic standards, Real Time workflows and the use of ACORD forms.

Retiring Sen. Hagel sat down with an INN sister publication, to discuss his tenure and the future of financial services, of which includes the possible federal charter.

A survey from Application Security Inc. finds that nearly 60% of organizations keep the majority of confidential data in databases, with 56% having had a data breach in the past year.

The controversial rule, which has a two-year grace period before taking effect, will consider indexed annuities as securities.