Core systems

HEALTH PLAN ANALYTICS

CONNER STRONG SELECTS VIRTUAL IT INFRASTRUCTURE

Association’s proposition includes guaranteed coverage for people with pre-existing medical conditions.

NAMIC says small insurance companies at risk unless plan is reformed.

Providers are adopting electronic health records and one has earned a 2% cut in its malpractice insurance premiums.

TowerGroup says tumultuous past year will color the insurance industry going forward.

The number of insurance businesses for sale far exceeds demand in the current market, Travelers Cos. CEO Jay Fishman said yesterday.

AIG will start calling its aigdirect.com business 21st Century Insurance in January, reverting to the brand of a California-based car insurer acquired last year.

The Insurance Research Council (IRC) study is based on data from more than 42,000 auto injury claims closed with payment under the five principal private passenger coverages.

Nationwide Funds’ president sees “light at the end of the tunnel” with new products and distribution initiatives.

Deal is an acknowledgement by risk management solutions provider of critical emergent risk factor: climate change.

Wakefield, Mass. — Panviva, a provider of Business Process Guidance (BPG) systems for the health insurance industry, announced the opening of a U.S. office in Wakefield, Mass., just outside of Boston. There, the company will offer support for its health insurance customer base.

Stamford, Conn. – IVANS, a provider of corporate connectivity solutions and services, worked with personal lines P&C giant Progressive Insurance to implement agent-enabled single sign-on technology through IVANS Transformation Station that makes it easier for agents to quote and service their policies, and streamline their workflow. Once Progressive’s agents update their real-time account via their agency management system, and register at Progressive’s Web site, ForAgentsOnly.com (FAO), they will no longer have to enter their user ID and password when bridging over to the FAO website. By utilizing this technology, Progressive now updates the agents’ credentials within Transformation Station on the agent’s behalf. As a result, any time the agent changes his password on Progressive’s FAO website, Transformation Station is automatically updated, thereby enabling a secure, single sign-on to both Transformation Station and the FAO website, and faster access to their policy data.

New York – MajescoMastek, the subsidiary of global technology solutions provider Mastek, reports that the STG Insurance Suite, in its ready-to-deploy application service provider (ASP) model, has gone live for The Responsive Auto Insurance Co., Fort Lauderdale, and will facilitate processing of the carrier’s personal auto business in the state of Florida.

Minneapolis – Under a new presidential administration, successful financial services and insurance organizations will be those that are not only able to adjust to a changing regulatory landscape, but ones that can also demonstrate they are embracing the letter and the spirit of the law. So say experts at Wolters Kluwer Financial Services, a provider of compliance and operational risk management solutions to financial organizations.

New York — The environment is an ever growing topic of public discussion and businesses are increasingly influenced by potential threats to climate change. However, the potential and sustainability of Green Insurance products and services has not yet been fully examined or determined.

Philadelphia –The legislation and regulations governing the insurance and reinsurance industries that appear directly tied to the financial crisis are causing discussion both in the mainstream press and in smaller markets hoping to involve themselves to a positive end.A story in this morning’s Washington Post described moves by insurance companies to buy savings and loans to get a piece of the $700 bailout pie. Lincoln Financial Group, Genworth Financial and The Hartford Financial Services Group are among several carriers that have recently announced plans to qualify for the government’s $700 rescue funds by purchasing a thrift.

New York - The Risk and Insurance Management Society (RIMS) and LogicManager today released RIMS State of ERM Report 2008. The report substantiates the value of ERM for organizations of all types. It also indicates that companies that have greater risk management and ERM maturity levels enjoy higher credit ratings.

Chicago – The Property Casualty Insurers Association of America (PCI) joined insurance and salvage industry representatives at a meeting last week with the Department of Justice and the American Association of Motor Vehicle Administrators (AAMVA) to discuss proposals regarding insurer and salvage yard reporting of total loss data to the National Motor Vehicle Title Information System (NMVTIS).

Scrutinizing complex claims that carry liability for the physician, health insurers are halting reimbursement for clinical fixes to medical mistakes, says Insure.com.