Core systems

American subsidiary of Japanese insurance giant selects hosted solutions to enter markets in multiple states.

Large sports cars have the highest average collision claims costs and passenger vans have the lowest, notes the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA).

HP software to help State Auto Group improve policyholder communications.

AXA, ING, Marsh and Swiss Re all released their year-end numbers.

ETran to provide robust, yet flexible, solution to meet needs of Mutual of Omaha.

Benchmark study shows health insurers rank last among 17 industries, including auto, homeowner and life insurers, in customer loyalty.

Amica Mutual, USAA among insurers on J.D. Power and Associates’ list of 40 service champions.

Lincoln Financial fined $600K for failure to protect customer information from public access.

MBIA Inc. and Assured Guaranty Ltd. claim they were tricked by banks into insuring toxic residential mortgage-backed securities.

Although nine insurer groups experienced asbestos and environmental (A&E) losses of at least $100 million during 2009, up from six groups in 2008, the increase is still “manageable,” notes A.M. Best.

Global financial institutions need to get up to speed with appropriate technologies and procedures to protect their organizations from a rising tide of payments fraud, says fraud and detection expert Dena Hamilton.

Policy admin, agent portals and business intelligence (BI) top insurers’ priority lists for 2011, all with a goal of improving business agility, insights and service quality, according Novarica’s 2nd annual “state of the industry” report.

Insurer says JP Morgan knowingly sold risky mortgage-backed securities.

Despite many major analyst firms' estimates of slight increases in IT spend for 2011, Matthews International Capital Management believes they're thinking way too conservatively.

How do insurers compete? How will they grow top-line revenue and market share? And where will their growth come from in 2011? The nature of these questions may elicit familiar discussion among insurance business line executives, yet three insurance technology executives lent their views to these subjects and more at the Celent 2011 Insurance CIO Roundtable last week in New York.

Results of a new survey indicate customers are willing to pay more for simpler products and experiences, but rate insurance last, viewing it as the most complex of all industries.

U.S. insurers can't ignore E.U. actions in an era of harmonizing global regulations.

According to a survey, 64.3% of insurance producers do not follow up on prospective customer lists at least once per week, and nearly 16% do not employ a pipeline management system.

Read daily recaps of how Watson is faring against Jeopardy!'s two greatest champions.

Elizabeth Warren's comments came even as House Financial Services Committee Chair Spencer Bachus questioned her role at the CFPB.