Core systems

A.M. Best announces ratings changes for Ameriprise, General Re Corp., QBE the Americas and 10 other insurers.

Burning the midnight oil, Senate Finance Committee finalizes health care reform legislation

Insurers convene with other experts to discuss a convergence of consumer protection and compliance-related challenges associated with social networking.

After much speculation about how much AIG owes the government, the company releases a statement containing facts.

More research on IT spending filters in, and the conclusions are pretty much the same: IT spending for property/casualty insurers flat to slightly higher through 2010.

President Obama signs a last-minute extension of the oft-extended National Flood Insurance Program.

A survey reveals a high level of customer loyalty and satisfaction among respondents.

Bucking national unemployment trends, large agencies are adding producers, a new study finds.

Former Bank of America exec Liam McGee will succeed Ramani Ayer.

The Senate Banking Committee Chair wants to "eliminate the overlaps, redundancies and additional red tape created by the current alphabet soup of regulators."

A recent survey shows a gap in IT’s ability to deliver and demonstrate the value it provides the business, and IT execs blame their IT systems, processes and services.

Not only does asking an agent for customer lists cause agents to question your rationale behind the request, it is a significant breach of the relationship, Professional Insurance Agents say.

One of the most frightening aspects of the financial services meltdown is that it may well happen again. Indeed, a new paper from Society of Actuaries (SOA) and the Joint Risk Management Section says a focus a widespread embrace of enterprise risk management coupled with regulatory enhancements are needed to avert future crises.

As part of its stated goal to create a digital insurance community, Insurance Networking News is adding a comments section to its blog postings. This functionality is part of a larger effort to leverage INN’s Web site to offer timelier editorial offerings.

Just a year after the launch of its Attachments Warehouse, the National Insurance Producer Registry(NIPR), a non-profit affiliate of the National Association of Insurance Commissioners, announced an enhancement to the licensing tool that electronically stores documents submitted by applicants. NIPR’s Reporting of Actions (ROA) expands electronic filing abilities to enable producers to submit necessary documents for reporting administrative, criminal or civil action.

Jersey City, N.J.-based ISO and the Des Plaines, Il.-based National Insurance Crime Bureau (NICB) are partnering to create a national information sharing system aimed at thwarting cargo crime.

Few organizations, including insurers, have even begun PIM initiatives; lack of resources a major barrier.

USAble Life and Benefitfocus have struck a multi-year partnership through 2013 that leverages the Benefitfocus suite of solutions related to how group and voluntary benefits are sold, enrolled, billed and serviced, the companies report.

AXA Insurance UK has signed with Duck Creek Technologies Europe Ltd., a software and service solutions provider for the insurance industry, and Tata Consultancy Services (TCS), to supply a new commercial insurance processing system for the insurer.

Genworth, Markel and Unum are just a few of the insurers affected by A.M. Best and Fitch’s latest rating actions.