Core systems

Insurable losses from the hurricane not to exceed $200 million, notes AIR Worldwide.

H.R. 5569, a temporary reauthorization of the National Flood Insurance Program (NFIP), will land on President Barack Obama’s desk in the coming days.

New standard reinsurance agreement slashes commissions.

GCAN Grabs ISI's WebWriter Enterprise

After launching an initiative to revamp its wealth management business, The Hartford's president of wealth management will step down at the end of July to “pursue other opportunities."

The bill was passed late Wednesday 237 to 192, and goes on to the Senate, which is not expected to act until later this month.

The bill's ultimate fate remains a cliffhanger as Senate leaders announced they would not consider it until after the holiday recess.

The distribution channels for the insurance market in Asian countries are diversifying, according to research released by Boston-based research and consulting firm Celent.

Anthem amended the number of members and applicants affected by a compromised Web site to more than double the previously announced figure.

A J.D. Power and Associates study finds that cost management is of secondary importance—behind customer service—to employers buying health insurance.

New Novarica report examines the rise of modern claims offerings.

Social media is driving sales, product and service strategies.

The boards believe the amendments would improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRS.

Standard Poor's Ratings Services issued a statement today charging that the fundamental structure of the U.K. life insurance sector is changing. Life insurers over the next few years will have to adapt their business models at both the local and European levels to accommodate changes due to economic weakness and regulatory changes, notes the rating agency. Market consolidation could accelerate and product economics could be reappraised, with renewed attention on distribution models, notes S&P.

Moody’s and S&P assign ratings to Penn Mutual's surplus notes while A.M. Best revises the Michigan Blues’ outlook, and removes Jackson National Life from under review.

In ruling, justices vote to uphold primary tenets of Sarbanes-Oxley Act.

While the House is still expected to pass the bill, it's unclear if Democrats still have enough support to enact it.

A Gartner study says the number of people globally who use a mobile phone to make payments is expected to expand to 108.6 million by the end of 2010.

The California health insurer notified about 230,000 members and insurance applicants that a Web site used to apply for individual health policies was compromised.

Insurers may want to keep an eye on Obopay's mobile payment gambit in Africa—the latest in its string of marketing strategies.