Core systems

Of the 14 life insurance firms monitored by Corporate Insight, Liberty Mutual and USAA were cited as having the strongest social media performances and were awarded top grades.

Overall, deal volume in software and Web-based offerings were both down for the second quarter of 2012.

Free informative app, called WreckCheck, designed to help consumers protect property, identities with accident reports.

During the first half of 2012, 58,523 questionable claims were referred, according to the National Insurance Crime Bureau.

Deloitte's new report outlines two types of fraud: the deliberate faking of an accident and fabrication of a claim, called hard fraud, and exaggerated values on legitimate claims or misrepresented information in an attempt to garner lower policy premiums, labeled soft fraud.

Aviva is looking for 5,000 UK drivers with Android smartphones to test its RateMyDrive app.

Bank-owned life insurance (BOLI) assets reached $145.6 billion in the first quarter of 2012, an 8.7 percent year-over-year increase from the reported BOLI assets of $133.9 billion for the same period in 2011, according to the Michael White/Meyer-Chatfield Bank-Owned Life Insurance Holdings Report.

Falling costs largely attributable to decrease in medical benefits for injured workers, according to the National Academy of Social Insurance.

Terri Vaughan will step down during the first quarter of 2013; National Association of Insurance Commissioners officers will conduct a national search later this year to fill the position.

Second half of 2012 will likely test reserves, balance sheets and underwriting acumen—Keefe Bruyette & Woods expects Ace Ltd., Chubb Corp., Marsh & Mclennan Cos. and Proassurance Corp. to pass those tests with strong reserves and quality franchises.

21st Century, Argo, Infinity, EMC, Manulife, Tower and XL Group all released their second-quarter results.

Multiple billing systems to be consolidated to cloud-delivered STG Billing solution.

The specialty insurer looks to the claims management software to support its goal of increasing effectiveness and efficiency of payments.

The showdown came at a hearing held by the National Association of Insurance Commissioners on the controversial product, which is a kind of property insurance policy that banks purchase when mortgage borrowers stop paying for homeowners insurance. Banks receive a portion of the premiums through commissions, reinsurance deals and other payments from the specialty carriers that offer it.

New survey hints that organizational understanding may be more important than appropriate technology products when it comes to gleaning social insights.

International regulatory measures, including Solvency equivalency, highlight the AIA’s talking points heading into the weekend.

After purchasing ClaimCenter from the provider five years ago, the insurer is also implementing Guidewire's billing, client data management and policy administration systems.

Coverage Counselor is designed to help consumers understand how their personal circumstances impact their insurance premium and enable them to compare different levels of coverage.

In July, severe drought and heat waves effected great swaths of the United States, causing billions in insurance losses, according to Aon Benefield’s “July 2012 Global Catastrophe Recap.” Up to 64 percent of the continental United States is experiencing at least moderate drought, according to the National Climatic Data Center, and half of all U.S. counties have been declared disaster areas.

Spreadsheet Workbench purchased by insurer in an effort to meet Solvency II requirements.