Core systems

State Farm terminated its contract with the Mumbai outsourcing technology giant Satyam in the latest fallout from the fraud scandal involving the vendor’s chairman, confirmed a spokesperson for the Indian outsourcer. Reuters reports that Satyam would issue a statement later today.

With budgets essentially flat, business execs and CIOs turn to improving performance, “harvesting enterprise investments.”

Both insurers promise to fund a new database and stop using UnitedHealth’s controversial technology that, according to New York State authorities, skewed reimbursement rates.

Investment firms are dampening the cautious optimism displayed this week by insurers at the Insurance Information Institute’s 13th Annual Property/Casualty Insurance Joint Industry Forum.

A new report from TowerGroup says the financial meltdown represents unique interdependencies and negative forces that insurers must be ready to deal with when it comes to litigation.

An Insurance Information Institute forum assesses the year past and the year ahead.

Expectations of mounting regulations may well signal a boon for solutions for risk management and compliance.

Association selects former Iowa insurance commissioner Vaughan for top post.

A new study from the Insurance Institute for Highway Safety finds that fatalities per capita among older drivers has decreased 35% since 1975, and is at its lowest level.

Consultant Watson Wyatt says risk management and reform are among life insurers’ key concerns this year.

Bill wants companies receiving bailout money to trim executive compensation.

Supporters of state regulation say the new study comes short of advocating federal charter for insurers.

A yearly report on annuities shows carriers have a way to go when it comes to leveraging cost-cutting technologies such as STP.

The two insurers are now able to become thrift holding companies, and receive money from the government's financial rescue program.

A new report from the National Research Council found that the clinical information systems in a number of medical organizations lack comprehensive decision support.

In an effort to achieve a nationwide electronic health information network, the former American Health Information Community brings together public-private sector members.

Specialty lines carrier will use the technology to protect personally identifiable information customer information.

The commission unveils full text of ruling that reclassifies annuities as securities.

Report on financial modernization includes a call to reassess the federalization of insurance regulation.

The National Association of Mutual Insurance Companies sent members of Congress and state insurance policymakers a report, analyzing the causes of the nation’s financial crisis.