Core systems

Insurance association questions need for proposed solvency assessment tool as NAIC meets in Texas.

New reports list multi-line, life and health insurers with the lowest price to forward sales ratios.

While sales soared to a record high in 2010, they dropped sharply in Q4 thanks in part to Allstate exiting the bank market.

A.M. Best releases P&C financial results, showing State Farm, Allstate and Liberty Mutual with the highest net premiums written in 2010.

Berkshire Chairman’s visit to India coincides with expanded insurance operations on Subcontinent, but says foreign ownership cap will limit further investment.

Economy will be seriously altered after $309 billion in losses, but may be diffused against the country’s global market position.

One year after President Obama signed the bill, the vultures are anxiously circling.

Women are now placing more value on life insurance than men, according to a LIMRA study.

A year ago today, as President Obama signed the landmark Affordable Care Act into law, members of the National Association of Insurance Commissioners (NAIC) probably did not envision being in the center of a firestorm over its ultimate governance. But state regulators in Texas this week and next for the NAIC’s 2011 Spring Annual Meeting are indeed finding their industry-related activities under question from a consumers’ group.

Michael McRaith weighs in on the status of the Affordable Care Act, and its impact on insurers.

Consumers are spending $363 billion, or 14.7% more, on health care than traditionally reported, finds a Deloitte report.

Consumer-focused research shows Michigan, Louisiana and Oklahoma top the list of highest average car insurance rates.

Survey results show that the CIO median tenure is just more than 4 years, and there is no change in sight.

MetLife names its new CEO, while Symetra Life appoints a CIO.

Former N.Y. legislator receives one to three years for pocketing $863,000 insurance check paid out by AIG.

In many Asian countries, the burgeoning of a subset of the population—the elderly--is presenting economic challenges tied to Asian pension systems. Because the systems are not providing an adequate retirement income for this subset, there are opportunities for insurers to enter the market with solutions.

Cost, frequency of downtime primary reasons for data backup adoption, survey says.

IBM has formed a consulting practice to offer navigation
 expertise for companies looking to embrace the new technologies.

Due to “underachievement” in certain areas, the head of its P&C arm receives partial payout, while AIG chief Benmosche receives complete bonus.

Insurers release claims estimates in wake of earthquake and tsunami.