Core systems

Good news: Individual whole life insurance surged 12% in Q3 2009. Bad news: Total individual life insurance sales fell 11%.

The parties have agreed to release each other from all claims, including any claims by Hank Greenberg and Howard Smith against AIG for indemnification of future legal fees and expenses or settlement costs.

Insurer sought help with an enterprise-level system to support the build-out of a centralized, shared finance department.

Unique-to-Louisiana law requires insurers to continue homeowners’ coverage even if defective drywall constitutes a “material change in the risk,” as long as the homeowner reports the issue to the insurer.

Although still embroiled in controversy, the organization is quickly moving forward on the methodology regulators will follow in evaluating insurers’ risk-based capital requirements.

The move by AIG’s board to commit to a $7 million executive pay package is designed to put to rest worries about his potential departure.

A new report says recent software consolidation activity will accelerate, and insurers should protect themselves through contractual means, including demanding base code escrow and service level guarantees that survive change of control.

Online insurance quoting system designed to enable end-to-end trace and analysis of transactions to pinpoint problems as they move through application topologies across the network.

SNL Financial data shows that while reported losses fell 15.7% year-over-year, heightened declines in earned premiums written kept profitability modest.

The Healthcare Payments Automation Council is designed to provide industry stakeholders with a forum for information, networking and advocacy in health care payments automation.

Lawmakers still struggling to determine the best path to oversee systemically important financial companies.

Insurer Health Net says a hard drive disappeared containing the protected health information of 1.5 million covered members.

New York is the 27th state to enact anti-STOLI legislation, which is designed to protect senior citizens from stranger-originated life insurance.

A.M. Best affirms the FSR of Allstate, while Fitch Ratings upgrades ING subsidiary Lion Connecticut Holdings' guaranteed, senior unsecured debt ratings.

A lawsuit filed by Ohio Attorney General alleges Standard & Poor’s, Moody’s and Fitch gave many exotic investments the highest investment-grade credit rating.

Carriers are sending more than 41,000 claims download transactions per month using IVANS communications platform.

Producers will be able to create National Insurance Producer Registry (NIPR) transactions out of the same message elements they are using today to communicate with each other.

Changes to the insurer's wholesaling model are a result of distributors' desires, and the opportunity to increase its sales of investment, annuity and guaranteed-income products.

Carrier fined $1.2 million over supervision of broker e-mails.

New York Life and Allianz top Beacon Research’s list despite dip in overall annuities sales.