Core systems

Photos from INN’s Women in Insurance Leadership Forum.

Now’s the time for life insurers to target consumers, as Americans show increased interest in financial protection, according to surveys.

Association says their proposal offers a more comprehensive solution to cross-border reinsurance transactions.

While the universe of financial services regulation is in flux, one key component, a proposed consumer financial protection agency (CFPA), is taking shape. The CFPA will have a mandate to set rules governing all financial institutions,

Members of the National Association of Insurance Commissioners (NAIC) (www.naic.org) passed legislation today that adds changes to the Standard Valuation Model Law. When enacted by state legislatures, the changes, addressed at the Executive/Plenary session of NAIC’s Fall national meeting in National Harbor, Md., are designed to improve the way life insurers calculate the reserves held to protect consumer’s financial interests in insurance products, says the organization.

The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State are offering access to the PIA Technology Hotline, a new member-exclusive resource to help agents navigate the myriad technology options available for their businesses.

Productivity and cost control lead the list of key challenges; business intelligence, meanwhile, tops the list of application and technology priorities.

Vice President Joe Biden faced a standing-room-only audience yesterday at a meeting of the National Association of Insurance Commissioners (NAIC), where he discussed the Administration’s health care proposal and the need to create a level playing field in the insurance industry. Biden was invited to speak at the NAIC Fall meeting in National Harbor, Md., where he told members that the reform health care would not impact health insurers’ competitive set. “I want insurance companies to make money,” he said.

Federal and state authorities have a bone to pick with rating agencies, and insurers could feel the effect.

Public option out of the mix as Senate Finance Committee considers America’s Healthy Future Act.

Shares rocketed upward in trading yesterday, rising about 21% based on the announcements from the GAO and Government Reform Committee.

A Blues plan enables members to create PHRs, using Google Health, that automatically populate with claims data, and can link to select EHRs.

The Senator's plan would establish a timeline for accelerating the development, adoption and implementation of a set of operating rules for each HIPAA transaction.

Centurion, Fidelity and National Life are just a few insurers seeing ratings changes.

Department of Health and Human Services allocates $25 million for medical liability pilot initiative.

A new study says that nearly 26,000 state and federal rules impacting the insurance industry will change or be created this year.

Pressure to pass health care has reforms picked up additional momentum as the American Journal of Public Health released statistics tied to mortality for uninsured Americans.

While economists can't exactly predict the future, they can tell us what policies will fail.

A mid-year report from IBM confirms that the World Wide Web is a very insecure place.

AIG board puts kibosh on plans of new CEO to use company jet for personal use, Bloomberg says.