Core systems

Two weeks after Genworth was denied the ability to participate in the Tarp program, The Phoenix Cos. was thwarted in its attempt to receive bailout funds.

A new report from Hiscox finds that 38% of Fortune 500 companies fail to acknowledge data breaches as a risk, and 49% disregard the impact it can have on their reputation.

Economic slowdown and regulatory changes ranked as the leading challenges facing insurers.

A report by Lockton says premiums should rise in the coming months due to underwriting performance deterioration.

A survey by Aberdeen Group finds that 93% of companies queried have consistent policies in place for supported application software/licenses at the endpoints.

Despite being hailed by many as a cure-all solution for insurers, cloud computing needs to be carefully examined before implementation.

Citing discussions regarding “several issues,” AIG reports that it is rescheduling its annual meeting and release of its annual proxy statement.

Calling it a “global phenomenon,” Conning points to life industry, non-U.S. markets as those most affected by the decline in transaction value.

In its $7.4B bid for Sun Microsystems, Oracle plans to “redefine the industry.”

Insurance technology vendors should heed these tips when working with the analyst community.

Fitch assigns Lincoln National Corp. a negative outlook, and Moody’s warns of further possible downgrades.

While Europe's Basel II regulations are still just for banks, insurers should take note and begin to prepare, as many of the changes may likely come to affect them in the near future.

Prudential Retirement is the first insurer to offer a product that combines target-date funds with annuities.

The Los Angeles-based multiple line insurer will broaden its personal lines, geographic scope with the $1.9B deal.

In a Benchmark Survey conducted by the Professional Insurance Agents Association, agency principals rated “adjust claims fairly” and “pays claims promptly” as the two top factors when evaluating an insurer.

The technology du jour may run into problems as insurers try to figure out just what it is.

Tests from the Insurance Institute for Highway Safety dictate that very small cars generally can't protect people in crashes as well as bigger, heavier models.

Banking Committee likely to move left to bolster voter support.

Net income of $232.5 million in Q109 compares with $239.4 million in the same period in 2008.

When developing a multichannel distribution strategy, focusing on agent commission, lead generation distribution and communication can help prevent an agent revolt.