Core systems

AIG unit adopting remediation plan based on review of statutory filings to Pennsylvania Department of Insurance.

The lawsuit claims the excessively high default rates on the underlying loans shows that Countrywide, now part of Bank of America, disregarded underwriting guidelines to match the "worst features of mortgage products" by competitors.

2010 lessons rely heavily on financial regulation, risk management, according to an Enterprise Data Management Council report.

Royal Neighbors of America a non-profit fraternal organization, will use StoneRiver’s Life Portraits ES e-Application and LifeSuite automated underwriting solutions to improve the efficiencies and speed of new business processing, the companies report. The solution is described as moving information from point A to point B without interruption, error or human intervention, eliminating cost in time and business.

Agile business intelligence the hot trend; pervasive BI and skilled talent sought, says Forrester research.

Advancements in mobile deposit technologies in the coming year may be of interest to insurers.

AIA and ACLI contend interim rule would violate McCarran-Ferguson Act.

Gearing up to redefine health insurance is among the list of issues that will take front and center for the health care industry in 2011, according to PwC’s Health Research Institute.

New report says in the wake of the financial crisis, life insurers face some major challenges.

SPM provider recognized in MarketScope for Insurance Incentive Compensation Management software.

National Insurance Crime Bureau names the 11 holidays with the most reported auto thefts.

A.M. Best affirmed USAA’s ratings, Fitch affirmed ratings for The Chubb Corp. and S&P affirmed its negative outlook on Kingsway and its subsidiaries.

The coming year will bring additional regulatory oversight and new efforts by health insurers to manage it. Health insurers will be asked to justify rate increases for individual and group policies, according to the Department of Health and Human Services. Last week HHS said it will require rate increases of 10% or more to be publicly disclosed and reviewed.

Provision of Dodd-Frank Act would require agencies to issue ratings using identical terminology.

Executives from across the globe are wrapping up reports on just what went wrong and why this year, with the key goal of avoiding similar glitches in the future.

Insurers may learn something from banks' successes in the social media realm.

Consumer Financial Protection Bureau may prove to be the most important agency to watch in 2011.

Setting $4.3B of credit, AIG systematically tries to exit bailout.

Sedgwick Claims Management Services purchased the unit for $278 million in cash.

Gartner predicts continued growth and increased deployment of social business technologies; cloud and SaaS remain keys to adoption.