Core systems

Report says investments in automation and Web services are key to improving profitability.

A report by the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) says assets the federal government received from AIG plan were valued at only $14.8 billion.

Despite the predicted IT spending crunch, new options abound for insurers looking to upgrade their risk management software applications.

The AMA lawsuit charges the insurers schemed to shift medical costs to physicians and their patients.

Federal Trust Corp. is relying on The Hartfords’ TARP approval in order to complete its sale to the insurer by Friday.

While a favorable loss-reserve development is on the horizon for the P&C industry, A.M. Best predicts the life/health insurers' ratings spiraling.

Survey results from 3,200 agency staff members show that more than half of agency management systems use real-time tools for inquiries or personal lines endorsements.

An organization representing insurers asks the SEC for more inclusiveness and accountability in formulation of new rules.

Legislation expands health care coverage to children.

Proposed transactions involving two insurance software vendors were the largest deals of the year, reports Berkery Noyes.

The insurer of 125 Catholic dioceses will use the vendor’s STG Billing and Accounts Receivable system.

Proposals within the economic stimulus bill to expand HIPAA privacy rule provisions would have unintended consequences that could impede progress in using health information technology, according to Karen Ignagni, president and CEO of America's Health Insurance Plans in Washington.

Finding new employment is not a 2009 priority for many, but technology companies are still ripe with employment opportunities.

Insurer maintains the loan losses incurred by credit union were not covered under policy.

Insurer declines state’s offer, as it readies to leave Florida P&C market.

Despite news reports to the contrary, insurers are not facing disruptions in IT projects in the pipeline; instead, they are maintaining a steady course. INN reports from Celent’s annual CIO roundtable event.

A transitional, if not transformational, environment is afoot for the U.S. P&C industry in 2009, says Ernst & Young, but before carriers take steps forward, concerns must be dispatched.

While the cat bond market proved its resilience as the market absorbed the impact of concurrent financial and property catastrophes, notes a Guy Carpenter briefing, disciplined risk is called for in 2009.

The growing legal costs of an antitrust case are spiraling for both the chip maker and its insurer, American Guarantee, as the companies countersue other over defense cost payments.

The wholesale implementation of fair value accounting standards may lead to “toxic” label for performing assets, association says.