Core systems

Severe storms and tornadoes in the United States pale by comparison to the $18 billion in economic losses resulting from June floods in Germany.

Online form collects the data of a potential consumer, which is routed to a home office interviewer to complete the process.

While consumers are finding UBI programs easier to use, nearly half of are uncomfortable with sharing driving data, according to a LexisNexis survey.

Great American, PURE and two others take home awards for best practices in insurance industry IT initiatives and strategy.

Compared to 2012, however, four fewer insurers were included in Temkin’s top 100.

In an effort to integrate with the Federally Facilitated Marketplace, insurer selects Benefitfocus to build a private insurance exchange for both group and individual market segments.

As part of a larger strategy to modernize operational systems, the insurer migrates commercial auto and liability to Instec’s Quicksolver, which is now in production and running on Microsoft’s Windows Azure cloud platform.

Larger insurers are more likely to use price optimization to increase profitability, and half use segmented demand models; most smaller insurers assume rate changes won’t impact customer demand.

LifeSuite designed to enable the automation of straight-through underwriting processing with a Web-based system.

Industry-wide second-quarter results indicate a recovery, as every product line shows increased sales compared to the anomalous first-quarter results, according to LIMRA.

Low inflation and interest rates, as well as static cost drivers, have helped stabilize claim costs; workers’ comp and product liability among weakest segments.

Vehicle thefts are projected to increase 1.3 percent year-over-year, breaking an eight-year run of declines, according to the National Insurance Crime Bureau.

Materials on the site include a health care reform communications toolkit that provides employers with resources to help them meet their October 1 deadline.

Looming tax increases drove more deals last year, according to Optis report; now sellers are deferring as inventory declines in an effort to recoup some of the tax increases.

The Beaver Creek fire has consumed more than 100,000 acres and remains only 9 percent contained.

Workers' comp insurer looks to increase customer satisfaction, by offering more communications options, and operational efficiencies through platform standardization.

A new platform that enables improved collaboration, integration and data capturing is yielding impressive results after initial implementation.

Zurich Insurance said operating profit declined 18 percent after floods in central Europe in May and June cost about $140 million.

The Union of Concerned Scientists issue a list of suggested revisions in light of increasing costs and risks.

Luis Chapana hired in an effort to expand the firm's Latin American coverage.