Core systems

Amica receives the highest score in J.D. Power and Associates’ claims satisfaction ranking of 19 insurers.

Celina to use Talon predictive analytics suite as part of agreement.

Edinburgh office intended to enhance client services globally.

New report lists the top 5 fixed annuity companies from a record-breaking 2012.

Workers’ compensation and medical malpractice among lines most likely affected; impact likely to differ by state.

Income annuity sales set new quarterly record, increase for fourth-consecutive quarter; fixed annuity sales drop 11 percent compared to 2011.

The Federal Housing Finance Agency has proposed banning force-placed insurance commissions in a blow to banks and other mortgage servicers.

OneShield's Dragon chosen by the medical malpractice/workers' compensation insurer for policy, rating, billing and business intelligence.

Provider of nonstandard auto coverage looks to data and analytics to drive growth.

In 2012, banks sold $1.6 billion in life insurance premium, the second highest annual production level in the history of the bank channel. The bank’s record year was 2010, when it sold $1.8 billion in life insurance.

Sales and hiring expectations are restrained, however, due to public policy concerns.

Policy administration, claims and billing to be centralized for all of Haverford's group of companies.

Claims Manager brought in to serve as cloud-hosted core claims processing system for PCM.

The insurance industry in Puerto Rico had a compound-annual-growth-rate of 5.8 percent between 2007 and 2011, despite a contracting national economy, according to a report from Timetric, a provider of online data, analysis and advisory services on the financial services industry. However, opportunities for further foreign investment and sustained growth in Puerto Rico are limited, due to the high rate of insurance penetration, according to Timetric’s “The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2017.”

FinSecure partnered with SBS to implement several customer service advancements in one fell swoop.

The insurers will offer custom product suites on iSelect Custom Benefits Store, a Michigan multi-carrier and multi-distributor benefits exchange for mid-sized and small employers.

The part of the legislation that prompted the halt placed a cap on non-emergency care and a 14-day deadline for treatment from massage therapists, acupuncturists or chiropractors, as well as the requirement that an emergency medical condition exist for the full $10,000 PIP coverage.

Shifting health care costs and aging claimants will sharply affect auto insurance costs in the years ahead, according to Assured Research.

As the life insurance and annuity industries move toward model-based approaches to reserve and capital valuation, actuarial models are increasing in complexity and sophistication while the imperative to avoid modeling errors also increases, according to a recent report from Deloitte, titled “Actuarial Modeling Controls: A Survey of Actuarial Modeling Controls in the Context of a Model-Based Valuation Framework.”

New York State's Department of Financial Services has reached a settlement with the country's largest force-placed home insurer, in a deal meant to lower prices and prohibit widespread kickbacks in the industry. The agreement with Assurant Inc., one of two insurers which dominate the market, will lower insurers' profit margins and prohibit banks from receiving payments that pad the cost of insurance.