Core systems

Region’s first paperless system is designed to save small businesses and brokers significant time, and eliminate up to one million pieces of paper annually.

Currently, Rob Howard is Farmers’ AVP, national auto physical damage operations.

The head of the House Financial Services Committee says that such an important decision should have been handled by the incoming administration.

The association is condemning a vote to bring indexed annuities under federal regulation.

Consumers should continue to seek side air bags and anti-rollover technology as standard, says the Insurance Institute for Highway Safety.

According to the SEC, the move to use XBRL to find and sort information makes it easier to compare financial results, and has the potential to increase the speed, accuracy and usability of financial disclosure while eventually reduce costs for investors.

MGAs and wholesale brokers see opportunities to apply more of the technologies that the standard market is implementing, such as the ACORD XML electronic standards, Real Time workflows and the use of ACORD forms.

Karen Clark tells INN that insurers should not rely solely on near-term catastrophe modeling in light of overestimating the previous three hurricane seasons.

Real Time users report using the technology with at least half of their companies for the following functions: policy view, claims status, billing inquiry, endorsements and single-company quote.

Retiring Sen. Hagel sat down with an INN sister publication, to discuss his tenure and the future of financial services, of which includes the possible federal charter.

A new study finds that price is a key driver among both defecting and loyal customers, but insurers may be surprised by the other priorities swaying loyalty.

Charter members BlueCross, IBM and the University of South Carolina are collaborating to merge business, academia and economic development to grow IT talent, nurture management expertise and cultivate harmonious business and organizational relationships.

A survey from Application Security Inc. finds that nearly 60% of organizations keep the majority of confidential data in databases, with 56% having had a data breach in the past year.

The controversial rule, which has a two-year grace period before taking effect, will consider indexed annuities as securities.

The rate-making amendments are conceptually flawed and discriminatory, say NAMIC representatives and advocacy partners.

Feds say scheme included falsely inflating AIG’s reported loss reserves, a key indicator of financial health to insurance industry analysts and investors.

The New York State Insurance Commissioner believes several agencies could each oversee a portion of the derivatives market.

The insurer’s liability for asbestos-related claims gets a hearing at the highest level.

Munich Re and Risk Management Solutions (RMS) seek to identify and pursue shared research priorities for new and emerging sources of risk, as well as risk areas that continue to present challenges in modeling.

Shares of the U.S. health insurer rose 7.2% after it affirmed its 2008 forecast.