Core systems

The deal breaker for Sun, reports the greater press, was a “slightly reduced” offer from IBM.

Economist Ian Ayres, who recently addressed the Casualty Actuarial Society, believes methods such as neural networks might be beneficial for actuaries when approaching data mining as part of the predictive modeling process.

A study by the U.S. Bureau of Labor Statistics reveals the U.S. insurance industry shed jobs for the fifth straight month.

Shares of Lincoln National, Prudential Financial, Protective Life, Unum Group and Assurant all fell in trading Monday in anticipation of the U.S. life sector posting first quarter losses.

Despite the rough outlook for 2009, industry experts predict IT spending will remain stable, and not reflect the "Dot-com bust" of 2001-2003.

Leading Insurance Services Inc. will change from a stand-alone data capture mechanism to an integrated solution.

The Hartford hopes the cash infusion into a troubled Florida thrift will buy time in hopes the Treasury Department will allow insurers to participate in the program.

While recessions tend to place downward pressure on workers’ compensation exposure, National Council on Compensation Insurance (NCCI) chief economist says this could result in a surge in claims.

Elizabeth Monrad was found guilty of conspiracy, securities fraud, making false statements to the SEC and mail fraud charges.

The average personal injury protection payment for claims from vehicles with seatbelts, but without airbags, was 32% higher than the average for vehicles with front airbags, and 57% higher than the average for vehicles with both front and side airbags.

The Senate approved several amendments yesterday that call on the Federal Reserve Board to release details about institutions that have received assistance during the financial crisis.

MFC Global Investment Management will use the Thomson Reuters Portia recordkeeping system for more than $66 billion in public assets under management.

Instant messages, text messages, blogs and wikis are some of the culprits contributing to content management difficulties.

Fans and critics of the new legislation weigh in after formal introduction.

Former CEO says risk management culture withered after his tenure ended.

Bill intends to protect elderly consumers from fraud.

Insurer will shed 10% of workforce and consolidate offices worldwide.

Insurers say an Optional Federal Charter (OFC) will streamline distribution channels, lower administrative costs and provide more product choices and pricing options for policyholders.

Commissioners’ Mandate Rests on Unfounded Fears

Among other findings in a Willis Re report, the reinsurance market stands out as the only capital market operating smoothly, with buyers able to access large quantities of contingent capital.