Core systems

Allstate Files Million-Dollar Insurance Fraud Case in New York

The big economic question of the day has major implications for sellers of annuities.

Low market valuations of insurance, high levels of caution drivers behind lack of consolidation

At IIS seminar, attendees express confidence in their ability to make use of growing sets of data and penetrate new markets.

At IIS seminar, attendees express confidence in their ability to make use of growing sets of data and penetrate new markets.

Sales of motor scooters jumped almost 50% for the first three months of 2011.

Discoverture Solutions to implement homeowners, commercial lines products.

Financial literacy program key to attracting talent to insurance industry.

Net losses on underwriting grew to $4.5 billion in first-quarter 2011, contributing to the quarter’s net income drop to $7.8 billion

In light of growing cyber attacks against insurers and others, companies need to better defend their network perimeter, and resiliently produce swift recovery if an attack occurs.

Commercial mortgage loans held by life insurers in Fitch's universe posted actual realized losses of $1.36 billion in 2010, below Fitch's expectations of up to $3 billion in losses.

At International Insurance Society seminar, insurers, regulators and academics consider how best to balance the rules under which the industry operates.

The call for a national standard for when and how banks, insurers and financial services companies must notify customers of a data breach beefs up penalties for cyber crimes by synchronizing them with other laws, such as the Racketeering Influenced and Corrupt Organizations Act.

Despite witnessing firsthand the anxiety and apprehension that many of their Baby Boomer parents are now enduring as they close in on retirement, the overwhelming majority of Gen-Xers are still not adequately preparing themselves for their own eventual retirement.

Designed for insurance carriers and broker/dealers selling annuity products, the service features analysis by product, carrier, distributor, agent and investor.

Health insurers overall received a low grade on the American Medical Association’s (AMA) / most recent “National Health Insurer Report Card” (NHIRC). Commercial health insurers have an average claims-processing error rate of 19.3 percent, an increase of two percent compared last year, according to the findings. The increase in overall inaccuracy represents an extra 3.6 million in erroneous claims payments compared to last year, and added an estimated $1.5 billion in unnecessary administrative costs to the health system, AMA says. The AMA estimates that eliminating health insurer claim payment errors would save $17 billion.

The Patient Protection and Affordable Care Act is creating an immediate jobs crisis in our communities, notes Michigan Congressman.

The number of lightning claims is down, but the average cost per claim rose 13% from 2009; expensive electronics may be culprit.

The insurer reports "mailing error" sent member name, insurance number, diagnoses codes and descriptions, procedure code and description, prescription name and provider names to wrong addresses.

Survey reveals that U.S. insurers have more confidence than their non-insurance counterparts when strengthening competitive position through mergers and acquisitions.