Core systems

Study finds large employers "are reluctant to lose control over a key employee benefit."

After reporting a $2.4 billion net loss for the third quarter, Chartis, flagship property/casualty insurance arm of American International Group (AIG), says it plans to downsize two percent of its workforce.

Many employers are still undecided on what to do, according to a Willis Group Holdings study.

A new Celent report profiles 28 vendors serving Europe, the Middle East and Africa, noting that cost isn’t most important issue for insurers.

The insurance agency and brokerage system is stable, but challenges remain, notably for insurers in New York, according to Richard Poppa, president and CEO of the Independent Insurance Agents & Brokers of New York who presented on a panel at the fourth annual SNL Insurance Brokerage Summit today.

Software promises to help drive variable and fixed annuity sales.

A.M. Best, Fitch Ratings, Moody’s Investors Service and Standard & Poor's announced ratings updates. The following are some of the most recent:

Insurer Health Net is fined $375,000 following a large breach of personal health information in late 2009.

As a response to the economic challenges of the past two years, insurance companies are wrestling with rising claims, both legitimate and fraudulent, more competition for new customers, and new restrictions on investment activities that have reduced operational budgets, notes Mitratech, a provider of collaborative accountability applications including matter management and e-billing management automation.

Report says weak pricing environment may become the “new normal.”

A new AAA study reveals 10% of motorists admit to having fallen asleep while driving in the past year.

New Novarica report says issues around data quality and core system integration are primary challenges to use of business intelligence by insurers.

Company-sponsored research shows user carbon emissions cut by at least 30%.

The senator feels there is further work to be done on GSE Reform and legislation regarding "Too Big To Fail."

Standard designed to provide insurers with guidance on organizational governance; environment; and community involvement and development.

Executives from Allianz Life, MassMutual, State Farm are a few of the newly elected to the LL Global board of directors.

In its fourth annual program, INN honors nine insurers for core systems, customer service and enterprise systems innovations.

In renewal, State’s largest workers’ comp insurer aims for penetration gains, lower costs and positive process metrics.

House Republicans trying to repeal provisions of the Dodd-Frank regulatory reform statute may find more success in using oversight powers to curb the law's implementation.

Republicans admit that a pragmatic approach may be necessary to challenge Obama’s health reforms.