Compliance

With insurance carrier M&A activity spiking, INN contributors offer advice for technologists facing transition.

The former Zurich exec replaces John Foley.

States that attempted to build their own health insurance exchange, but ended up switching to the federal version, should reimburse the government for grants to build the tech, three senators say,

The NAIC’s recent and startlingly rapid moves towards a cyber regulatory doctrine are evidence of the importance and vulnerability of cyberspace.

In a draft document, regulators propose 12 rights for policyholders around cybersecurity.

Allen Reichman, 54, and three others scammed Oklahoma regulators in the $37.5 million leveraged buyout of Providence Property & Casualty Insurance Co., according to prosecutors.

The NAIC Executive (EX) Committee recently established the Cybersecurity (EX) Task Force to act as a focus point for cybersecurity insurance regulatory activities. The message is clear: there will be regulatory pressure to do something around cybersecurity.

The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for Solvency II.

The smaller insurer’s hard work on customer and provider engagement technology has been cited as a key reason for Aetna’s interest and acquisition.

Anthem’s deal for Cigna would give the companies more scale in commercial coverage, and Anthem has also said that Cigna’s Medicare Advantage business is appealing.