Core systems

Reported to be the 10th-largest securities class action settlement in U.S. history, AIG will pay $175 million within 10 days of preliminary court approval of the settlement. AIG also expected to name Mark Wilson AIA Group CEO.

Insurers may want to note that as the use of mobile banking increases, many consumers still prefer traditional channels for more-complex transactions.

Life insurers have rebounded from last year’s struggles, recognizing a 20% increase in the industry’s absolute capital from Q1 2009 to Q1 2010.

West Bend hopes to adapt the program as a rating engine for all of its lines of insurance.

Policy circles already are abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

As landmark legislation makes it way to the President’s desk, insurers look ahead to rule-making phase with trepidation.

Industry cheers flood extension as wind damage amendment complicates matters.

The Senate approved the bill by a vote of 60 to 39; it now moves on to the president, who is expected to sign it next week.

Lawmakers voted for cloture with the help of three key Republicans, meaning the Wall Street Reform and Consumer Protection Act must now clear a simple majority to pass the Senate.

CNA to cede about $1.6 B of net asbestos and environmental pollution liabilities to National Indemnity Co.; A.M. Best's ratings for CNA unchanged.

The reform bill, which could pass today, should make the Fed a more assertive regulator focused on anticipating the next systemic threat.

A survey shows that 3% of firms were “customer-centric organizations,” while 33% of firms were “customer-oblivious organizations.”

Move follows dispute over sale of Asian life unit.

With Bill Bloom leaving Travelers for ExlService Holdings, the Hartford-based insurer tapped 2008 Women in Insurance Leadership honoree Madelyn Lankton and Elio Lagana to fill the void.

Sales analytics tools offer insurers significant benefits, says Aberdeen.

Ten years out, insurers will experience four significant business shifts that will create new technology trends and transformative opportunities for insurers, notes report.

In an ever-competitive market, long-term viability of Islamic insurance sector supported by growth, profitability.

Annuities deemed not to be securities and will remain under state regulatory purview.

Essent Guaranty says it's lined up $100 million of fresh capital, bringing its total equity commitments to $600 million.

Senate passage may come Thursday after Sen. Nelson's commitment.