Core systems

The insurer joins The Hartford as a participant in the TARP program, and will sell its UK-based life insurance business to SLF of Canada UK Limited.

The Group of North American Insurance Enterprises believes changes to the Available for Sale (AFS) classification of investments could harm insurers' ability to present an accurate representation of an insurance company’s financial condition or performance.

A Towers Perrin survey reveals property/casualty insurance prices have gone down less than 1% in that time span.

Group warns of regulatory arbitrage in a letter to Treasury Secretary.

Association urges NAIC to streamline regulations.

Society of Actuaries and Aon warns that organizations will need to step up their business continuity and preparedness plans in response to the pandemic declaration.

While Principal Financial Group says no to funding, The Hartford Financial will receive up to $3.4 billion in federal TARP funds.

Agent-based insurers have been slow to develop a comprehensive multi-channel distribution strategy, and this could result in lost customers, lost agents and profitability struggles, according to a Forrester report.

Observers said the new standards, unveiled earlier this week, include a call to require compensation committees to be independent of management, are already widely practiced, and would not have a significant impact.

Critics of new health care legislation contend that a public option would eventually displace the private market.

The United Nations agency’s rating is the first since 1968.

Insurance business and IT executives agree that when an IT solution is on the table, IT is responsible for communication tied to its success.

A new survey finds that the high cost of coverage is a primary deterrent.

Some people may be tired of talking about it, but the temptation to give up must be fought at every turn.

Ratings firm says weak investment returns and underwriting results will continue for the remainder of 2009.

IT Governance needs to be a continuous process for examining and re-evaluating projects as they move through the pipeline.

In order to expand their international footprint, carriers will need to focus on operational efficiencies, a new report says.

After previously peddling its Japanese headquarters, AIG now has found a buyer for its two Manhattan offices.

Citi Investment Research analyst Joshua Shanker cut his rating of the company to "Hold" from "Buy" yesterday.

Treasury Secretary says the job is too complex for just one agency.